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Title: Section 451.46 - Capital expenditures

451.46 Capital expenditures. An expenditure intended to benefit future periods. in contrast to a revenue expenditure, which benefits a current period; an addition to a capital asset. The term is generally restricted to expenditures that add fixed-asset units or that have the effect of increasing the capacity, efficiency, life span or economy of operation of an existing fixed asset.


VOLUME D (Title 10)