Image courtesy of Virtual Australia. The Sydney Harbour Bridge is one of Australia's most well known and photographed landmarks. It is the world's largest (but not the longest) steel arch bridge with the top of the bridge standing 134 metres above the harbour. It is fondly known by the locals as the 'Coathanger' because of its arch-based design.
For the accountancy use of the term, see Capital account (financial accounting) . In macroeconomics and international finance, the capital account (also known as the financial account) is one of two primary components of the balance of payments, the other being the current account.
What this term refers to and what it means for accounting. A capital expenditure is the use of funds by a company to acquire physical assets to improve its value or increase its long-term productivity. Also known as capital expenses or capex, capital expenditures include purchases such as buildings or warehouses, new equipment such as machinery or computers, and business vehicles.