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With reference to the expenditure made by an organization or a company, which of the following statements is/are correct? 1. Acquiring new technology is capital expenditure. 2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

UPSC · 2022 · Economy
Question:
With reference to the expenditure made by an organization or a company, which of the following statements is/are correct? 1. Acquiring new technology is capital expenditure. 2. Debt financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

Options

1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer: 1 only

Explanation:
Spending on acquiring new technology is a capital expenditure. Financing (debt or equity) refers to raising funds, not classifying expenditures.

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