Revenue expenditures1 are additional costs of plant assets, Ask an Expert

Accounting

Revenue expenditures:

1. Are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities

2. Are known as balance sheet expenditures

3. Extend the asset's useful life

4. Substantially benefit future periods

5. Are debited to asset accounts

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9795382

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