Capital expenditures ("CAPEX") are expenditures used by a company to acquire or upgrade physical assets such as equipment, property, industrial buildings. In accounting, a capital expenditure is added to an asset account (i.e. capitalized), thus increasing the asset's basis. Acquire is an abstract board game of investing in hotel chains. ... In computing, an upgrade is the process of replacing an older system with more recent hardware or software in order to bring the system up to date. ... In mathematics, a basis or set of generators is a collection of objects that can be systematically combined to produce a larger collection of objects. ...
Fixed capital is a concept in economics and accounting, first theoretically analysed in some depth by the economist David Ricardo.
Fixed capital also "circulates", except that the circulation time is much longer, because a fixed asset may be held for 5, 10 or 20 years before it has yielded its value and is discarded or depreciated.
In national accounts, fixed capital is conventionally defined as the stock of tangible, durable fixed assets owned or used by resident enterprises for more than one year.
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