Question

what does capex of 283 mean in accounting

Answer 1

In the US, Internal Revenue Code §§263 and 263 extensively deal with capitalization needs and exceptions. CAPEX (Capital expenditures) are a company's major, long-term expenses. It includes:

--acquiring fixed, and in certain cases, intangible assets

-- an existing asset repairing for the improvement of its useful life

-- existing asset up-gradation when it causes a superior fixture

-- preparing an asset for the utilization in business

-- restoration of the property or adaption for a different or new use

-- acquiring or starting a new business