Capital Expenditure - Definition - Law Dictionary Home Dictionary Definition capital-expenditure

capital expenditure

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: an amount paid out that creates a long-term benefit (as one lasting beyond the taxable year)
;esp
: costs that are incurred in the acquisition or improvement of property (as capital assets) or that are otherwise chargeable to a capital account NOTE: Capital expenditures are not deductible for income tax purposes. They are generally added to the property's basis.