Capital expenditures that extend an asset's useful life beyond its original estimate are called ________.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve or expand its operations.

Useful Life

The estimated duration over which an asset is expected to be useable by the owner, affecting its depreciation calculations.

Original Estimate

The initial projection or calculation of the cost or duration of a project.