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-   -   Fire insurance are capital expenditure or revenue expenditure and why? (https://www.askmehelpdesk.com/showthread.php?t=530884)

  • Dec 2, 2010, 03:25 AM
    samiyasiddiqui
    Fire insurance are capital expenditure or revenue expenditure and why?
    Fire insurance is capital expenditure or revenue expenditure and why?
  • Dec 2, 2010, 08:57 AM
    Just Looking

    It is a revenue expenditure. A capital expenditure is when a business spends money to buy fixed assets or add value to them that extends their useful life. Insurance does neither of these things.

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