N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.56 - Capital expenditure
An expenditure intended to benefit future periods, in contrast to a revenue expenditure, which benefits a current period; an addition to a capital asset. The term is generally restricted to expenditures that add fixed-asset units or that have the effect of increasing the capacity, efficiency, life span, or economy of operation of an existing fixed asset.
Notes
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