Define long-term operational assets. How are capital expenditures made to improve the quality of assets accounted for? Would the answer change if the expenditure extended the life of the asset but did not improve quality? Explain.
Capital expenditures are generally associated with long-term goals. Why do you think making wise decisions on capital expenditures is good for business?
- Provide a supported response in your own words* to the discussion topic/question given for your initial post. *Any substantial copying and pasting from any source without quotations marks and referencing will result in severe grade penalties on the total grade. Quoting a source is, of course, acceptable. However, paraphrasing is preferable.
- Two peer-reviewed scholarly references are needed for the initial post and one peer-reviewed scholarly reference post is needed for the post.
- 200 to 400 words