Mr. Amapo Bunkers, President & CEO of Bunkers, Inc. argues that from accounting perspective,
           the distinction between capital expenditure and revenue expenditure is time-wasting and
           unnecessary. He points out that as long as an item of expenditure is recorded, it does not matter
           whether it is recorded as capital expenditure or as revenue expenditure, as the effect on the
           financial statements will be the same. Do you agree with Mr. Bunkers? Explain in detail, giving
           specific reasons and examples why you agree or disagree with Mr. Bunkers.

Answer rating: 100% (QA)

I disagree with Mr Bunkers argument that the distinction between capital expenditure and revenue expenditure is timewasting and unnecessary from an accounting perspective Here are some reasons why 1 F... View the full answer