Money spent to acquire or upgrade physical assets is known as ........

Accountancy (Phase -I & II) Accounting standards

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Money spent to acquire or upgrade physical assets is known as

Revenue expense

Capital expense

Administrative expense

Operating expense

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Explanation:

Capital expenditures, commonly known as CapEx, are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, an industrial plant, technology, or equipment.Money spent to acquire or upgrade physical assets is known as Capital expense, as the asset is expected to be utilised in a long run.