Which of the Following Statements Regarding Capital Expenditures Is Incorrect

Which of the following statements regarding capital expenditures is incorrect?

A) Capital expenditures are purchases of long-term assets.
B) The decision to purchase long-term assets is part of a strategic plan.
C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment.
D) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.

Correct Answer:

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