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Multiple choice

Customs Duty on imported machinery is

  1. capital expenditure

  2. revenue expenditure

  3. deferred revenue expenditure

  4. prepaid expenses

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 All the expenditure incurred on the machinary till the tme the machinary has not  been started production,  are recorded in the Capital Expenditure. 

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