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Accounting > Capital Expenditure > Flashcards

Capital Expenditure Flashcards

1
Q

What does expenditure mean?

A

It means expenditure on the purchase, alteration or improvement of non-current assets

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2
Q

What is the acronym?

A

LIDIA

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3
Q

What does LIDIA stand for?

A

Legal costs of buying property
Installation of non-current assets
Delivery of non-current assets
Improvement (but not repair) of non-current assets
As well as the basic cost of non-current assets

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4
Q

What else can capital expenditure include?

A

Wages paid for the installation or improvement of non-current assets

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Accounting (118 decks)

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