Skip to main content

New York Codes, Rules and Regulations


Section 441.56 - Capital expenditure


441.56 Capital expenditure. 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.