24. Which statement is true about capital expenditure? A It consists of the purchase of goods for resale. B It includes the costs of operating a non-current asset. It involves the buying of an asset to be used in the business for more than a year. D It should be written off during the year in which the expenditure arises.

A

Explanation:

B is most true

Explanation:

Captial expenditure is the amount of money is spent on assets such as buildings and cars that an entity or MNC owns.

B fits this the most, an argument could be made for where I think you meant to put C

"It involves the buying of an asset to be used in the business for more than a year."

but I believe B fits the most.

The Embargo Act of 1807 was an attempt by President Thomas Jefferson and the U.S. Congress to prohibit American ships from trading in foreign ports. It was intended to punish Britain and France for interfering with American trade while the two major European powers were at war with each other.

Explanation: