What does CapEx mean?

Capital Expenditure (CapEx) or Capital Expense, is the fund an organization or a company spends to buy, maintain, or improve its physical assets, such as buildings, vehicles, equipment, or land.
CapEx is the expense makes towards the purchase or the improvement of long-term assets such as property, plant, and equipment.

Note:
Long-term assets are assets that have a useful life of one year or more.

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