What is the following best explains the term capital expenditure?

 What is the following best explains the term capital expenditure?

The following best explains the term of capital expenditure is expenditure relating to the acquisition or improvement of non-current assets 

 

 Capital expenditure is the money spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, land etc. In other words it is an amount spent to acquire or upgrade productive assets such as land, building, vehicles etc. in order to increase the capacity or efficiency of a company for more than one accounting period.