The result of recording a capital expenditure as a revenue


The result of recording a capital expenditure as a revenue expenditure is an:

a.   Overstatement of current year's expense

b.   Understatement of current year's expense

c.   Understatement of subsequent year's net income

d.   Overstatement of current year's net income

e.   None of the above

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Financial Accounting: The result of recording a capital expenditure as a revenue
Reference No:- TGS01105759

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