Accounting - Distinguishing between Capital Expenditures and Revenue

Objectives: By the end of this lesson, students will be able to

• Explain the criteria used to distinguish between capital expenditures and revenue.

Age Level: Late secondary school/junior college

National Standards: Complies with NBEA Accounting 2023 Standard III.1.8. Explain the criteria used to distinguish between capital expenditures (recording an asset) and revenue expenditures (recording an expense).

Materials:

• Whiteboard or chalkboard
• Markers or chalk