Question

A company's plan for the acquisition of long-lived assets, such as buildings and equipment, is commonly called a:

Answer 1

A company's plan for the acquisition of long-lived assets, such as buildings and equipment, is commonly called a Capital Budget.

What is a Capital Budget?

• The procedure a company uses to assess potential big projects or investments is called capital budgeting.
• Before a project is accepted or denied, capital budgeting is necessary. Examples of such projects include the construction of a new plant or a significant investment in a third-party enterprise.
• It is a means of locating a superior offer for the expansion of the company.
• A company's bottom line is frequently affected by significant capital decisions, which are frequently tied to capital planning.
• In capital budgeting, projects that improve a business are chosen. Almost everything, including the acquisition of land or the purchase of fixed assets like a new truck or machinery, can be included in the capital budgeting process.

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