Capital Expenditure
Capital Expenditure is basically any expenditure that creates an asset or that increases an existing assets its remaining useful life (RUL).
The International Infrastructure Maintenance Manual defines Capital Expenditure (CAPEX) as: ''expenditure used to create new assets or to increase the capacity of existing assets beyond their original design capacity or service potential. CAPEX increases the value of asset stock.
Capital Expenditure can be broken up into 3 separate components;
Non-capital Expenditure can be broken up into 2 separate components;
