Revenue expenditures, also called income statement expenditures, are additional costs of plant assets that do not...

Revenue expenditures, also called income statement expenditures, are additional costs of plant assets that do not materially increase the assets' life or productive capabilities.
Select one:
a. FALSE
b. TRUE

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Expert Solution

Answer:- True.

Revenue expenditures, also called income statement expenditures, are additional costs of plant assets that do not materially increase the assets' life or productive capabilities.

Revenue expenses are expended to profit and loss account, in the year in which they are incurred.

ekkarill92 answered 2 years ago

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