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The purchase price of a software that will be used for...

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The purchase price of a software that will be used for more than 12 months should be regarded as

Answer & Solution
Correct Answer: Option B
The purchase price of a software that will be used for more than 12 months should be regarded as a capital expenditure. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset.
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