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
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