Which of the following was the primary route of communication and trade between Europe and China up until the Age of Discovery?
A. the Silk Road
B. the Spanish Reconquista
C. the Northwest Passage
D. the road to Timbuktu

 3. It is recorded in the statement of financial position

Explanation:

Capital expenditure can be defined as the expense that the organization or individual spend to purchase, and maintain the assets, goods, and services like buildings, land, vehicles, and others. It is collectively indicating towards the financial position of a person or organization. It is mentioned in the balance sheet but not in the income statement. It is important for companies to maintain assets for growth.