Which of the following types of expenditure is NOT treated as capital expenditure?

Question

Accepted Answer

The cost of repairs to a newly-acquired non-current asset (which was usable before the repairs were carried out)

Answer

The cost of repairs to a newly-acquired non-current asset (which was not usable before the repairs were carried out)

Answer

Professional fees payable on the purchase of a non-current asset

Answer

The cost or improvements to a non-current asset

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