Asked by Brandon Pimentel on Jun 19, 2024
Verified
A new computer server is classified as an expense item.
Expense Item
An expenditure or cost incurred by a business or individual, which is recorded and tracked for financial accounting purposes.
- Acquire knowledge about the categorization of products and their role in the development of marketing strategies.
Verified Answer
MK
Matthew KonicekJun 21, 2024
Final Answer :
False
Explanation :
A new computer server is typically classified as a capital expenditure (capex) rather than an expense item because it is an investment in a long-term asset that will benefit the business over several years.
Learning Objectives
- Acquire knowledge about the categorization of products and their role in the development of marketing strategies.