The cost of an asset, including the cost to put it in place. Capital expenditure for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it was acquired.

(http://www.foundation.csulb.edu/fndgrant/sections/GLFEB97.HTM)

Other Definitions

Capital Expenditure – An expenditure made for assets with useful lives of more than one year. Usually capital expenditures may not be deducted in the year they are paid, even if they are paid in connection with a trade or business. In other words, they are capitalized and generally may be depreciated or amortized.

(www.bookkeeperlist.com/definitionsc.shtml)

Capital Expenditure – An expenditure that is recorded as an asset because it is expected to benefit more than the current period.

(http://www.finet.com.hk/accounting/c.htm)

J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
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