capital expenditures
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 397 U.S. 572 - Woodward v. Commissioner · 1970Most cited · 868 citing opinions
legal, brokerage, accounting, and similar costs incurred in the acquisition or disposition of a capital asset are capital expenditures, for such ancillary expenses incurred in acquiring or disposing of an asset are as much part of the cost of that asset as is the price paid for it
United States Code
45 U.S.C. § 1303 — for the purposes of this chapter
the term “capital expenditures” means amounts expended by the Corporation and its subsidiaries for replacement or rehabilitation of, or enhancements to, the railroad plant, property, trackage, and equipment of the Corporation and its subsidiaries, as determined in accordance with generally accepted accounting principles, and in interpreting generally accepted accounting principles, no amount spent on normal repair, maintenance, and upkeep of such railroad plant, property, trackage, and equipment in the ordinary course of business shall constitute capital expenditures;