Economics · Capital and Revenue Expenditure
Which one of the following is a revenue expenditure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Amount spent for replacement of worn-out portion of a machine✓
- 2Expenses in connection with obtaining a license for running a cinema hall
- 3Legal fees to acquire a property
- 4Overhaul expenses of a second-hand machinery purchased
Correct answer
Amount spent for replacement of worn-out portion of a machine
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