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Planning for capital expenditures is necessary for all of the following reasons except: Group of answer choices machinery and other fixed assets wear out expansion may be necessary to meet increased demand amounts spent for office equipment may be immaterial fixed assets may fall below minimum standards of efficiency

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Answer:

Step-by-step explanation:

Planning for capital expenditures is necessary for all of the following reasons except: machinery and other fixed assets wear out and need replacement.

This statement is incorrect because machinery and other fixed assets wearing out and needing replacement is actually one of the primary reasons why planning for capital expenditures is necessary. The correct answer should be one that does not justify the need for capital expenditure planning.

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