WordNet
- the cost of long-term improvements
- of primary importance; "our capital concern was to avoid defeat"
- assets available for use in the production of further assets (同)working_capital
- wealth in the form of money or property owned by a person or business and human resources of economic value
- the upper part of a column that supports the entablature (同)chapiter, cap
- one of the large alphabetic characters used as the first letter in writing or printing proper names and sometimes for emphasis; "printers once kept the type for capitals and for small letters in separate cases; capitals were kept in the upper half of the (同)capital_letter, uppercase, upper-case letter, majuscule
- a center that is associated more than any other with some activity or product; "the crime capital of Italy"; "the drug capital of Columbia"
- a seat of government
- uppercase; "capital A"; "great A"; "many medieval manuscripts are in majuscule script" (同)great, majuscule
- first-rate; "a capital fellow"; "a capital idea"
- the federal government of the United States (同)Washington
PrepTutorEJDIC
- 『主要な』,最も重要な,第一の / 『大文字の』 / 《おもに英》すばらしい,みごとな / 元金の,資本の / 生命にかかわる,死に値する / 〈C〉『首都』 / 〈C〉『大文字』,かしら文字 / 〈U〉『資本』,資本金;元金;《集合的に》資本家階級
- 柱頭(太い柱の上端の飾り)
- 〈U〉(…に対する時・金・労力などの)『消費』,『支出』《+『of』+『名』+『on』+『名』》 / 〈C〉〈U〉(…に)消費(支出)されたもり,(…の)『費用』,経費《+『on』(『for』)+『名』》
- 大文字で組む(書く)こと(様式)
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"Capex" redirects here. For other uses, see Capex (disambiguation).
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Capital expenditure or capital expense ("capex") is an expense where the benefit continues over a long period, rather than being exhausted in a short period. Such expenditure is of a non-recurring nature and results in acquisition of permanent assets. It is thus distinct from a recurring expense.
Contents
- 1 Usage
- 2 Accounting rules
- 3 See also
- 4 References
Usage
CAPEX are used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment (PP&E).[1] In the case when a capital expenditure constitutes a major financial decision for a company, the expenditure must be formalized at an annual shareholders meeting or a special meeting of the Board of Directors. In accounting, a capital expenditure is added to an asset account, thus increasing the asset's basis (the cost or value of an asset adjusted for tax purposes). CAPEX is commonly found on the cash flow statement under "Investment in Plant, Property, and Equipment" or something similar in the Investing subsection.
Accounting rules
For tax purposes, CAPEX is a cost which cannot be deducted in the year in which it is paid or incurred and must be capitalized. The general rule is that if the acquired property's useful life is longer than the taxable year, then the cost must be capitalized. The capital expenditure costs are then amortized or depreciated over the life of the asset in question. Further to the above, CAPEX creates or adds basis to the asset or property, which once adjusted, will determine tax liability in the event of sale or transfer. In the US, Internal Revenue Code §§263 and 263A deal extensively with capitalization requirements and exceptions.[2]
Included in capital expenditures are amounts spent on:
- acquiring fixed, and in some cases, intangible assets
- repairing an existing asset so as to improve its useful life
- upgrading an existing asset if it results in a superior fixture
- preparing an asset to be used in business
- restoring property or adapting it to a new or different use
- starting or acquiring a new business
An ongoing question for the accounting of any company is whether certain expenses should be capitalized or expensed. Costs which are expensed in a particular month simply appear on the financial statement as a cost incurred that month. Costs that are capitalized, however, are amortized or depreciated over multiple years. Capitalized expenditures show up on the balance sheet. Most ordinary business expenses are clearly either expensable or capitalizable, but some expenses could be treated either way, according to the preference of the company. Capitalized interest if applicable is also spread out over the life of the asset.
The counterpart of capital expenditure is operational expenditure (OPEX).
See also
- Operating expense (operational expenditure, OPEX)
- Total cost of ownership (TCO)
- Contract management software
- Capital cost
- Cash flow statement
- Income statement
- Balance sheet
- Expenses versus Capital Expenditures, tax terminology in the US.
References
- ^ http://www.investopedia.com/terms/c/capitalexpenditure.asp
- ^ Donaldson, Samuel A. Federal Income Taxation Of Individuals: Cases, Problems and Materials (2nd ed.). St. Paul: Thomson West, 2007. pg. 173
UpToDate Contents
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English Journal
- [Disability Pension and Productivity Loss in Schizophrenia - An Empirical Analysis of the Financial Burden in Germany].
- Kortmann LM1, Müller D1, Simic D1, Civello D1, Stock S1.
- Psychiatrische Praxis.Psychiatr Prax.2016 Jul 11. [Epub ahead of print]
- Objective: Quantification of the economic burden for society and the German Statutory Pension Insurance due to early retirement in schizophrenia. Methods: Based on empirical data of the German Statutory Pension Insurance, productivity losses were calculated using the human capital approach. Results:
- PMID 27399592
- Expanding the dairy herd in pasture-based systems: The role of sexed semen within alternative breeding strategies.
- Murphy C1, Shalloo L1, Hutchinson IA1, Butler ST2.
- Journal of dairy science.J Dairy Sci.2016 Jun 8. pii: S0022-0302(16)30354-X. doi: 10.3168/jds.2015-10378. [Epub ahead of print]
- A simulation model was developed to determine the effects of sexed semen use in heifers and lactating cows on replacement heifer numbers and rate of herd expansion in a seasonal dairy production system. Five separate artificial insemination (AI) protocols were established according to the type of se
- PMID 27289161
- Catastrophic expenditure and impoverishment of patients affected by 7 rare diseases in China.
- Xin XX1, Guan XD1,2, Shi LW3,4.
- Orphanet journal of rare diseases.Orphanet J Rare Dis.2016 Jun 6;11(1):74. doi: 10.1186/s13023-016-0454-7.
- BACKGROUND: China is actively promoting regulation of rare diseases, rare disease and orphan drugs have been formally incorporated into the national planning. However, few studies have been done to evaluate the affordability of rare disease patients in China. This study aims to provide policy recomm
- PMID 27266878
Japanese Journal
- International Remittances, Rural-Urban Migration, and the Quest for Quality Education: The Case of Nepal
- 資本勘定閉鎖概念の変化と資本的支出と収益的支出の区別の精緻化 : London and North Western鉄道会社における固定資産の会計実務を中心に(<特集>意味ネットワーク再構築としてのイノベーション)
Related Links
- Capital expenditure, or CapEx, are funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. ... What is 'Capital Expenditure (CAPEX)' Capital expenditure, or CapEx, are ...
- CAPEX 【 Capital Expenditure 】 会計 不動産 CAPEXとは、不動産や設備の価値を、維持または向上させるための設備投資に関する資本的支出。通常の修繕費は費用扱いされるが、CAPEXの場合には 資産に計上され減価償却の対象 ...
★リンクテーブル★
[★]
- (~への)支出、消費(on)。(時間・労力などを)使うこと(of)
- (~に対する)消費、費用。支出額、消費量(for)
- expendit-(費やす=expend + -ure
- (ラ)expenditus(金を払った)
- 関
- consume、consumption、expense、spend
[★]