In a public corporation, the capital expenditure incurred in a financial period is?

  • A spread over the useful life of the assets through depreciation
  • B apportioned at a pre-determined rate stipulated by law
  • C written off in the year in which they occur
  • D merged with recurrent expenditure and reported in one required lump sum

The correct answer is C. written off in the year in which they occur

No explanation given
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