Use the following information to answer the given question Kudi Local Government Council incurred the following expenditure in 1995: \(\begin{array}{c|c} & ...

Capital expenditure is the money spent on acquiring, upgrading or maintaining fixed assets such as land, buildings, vehicles, and equipment that will provide economic benefit to the organization over a long period of time. From the information provided, the expenses for "Payment of salaries," "Purchase of drugs for dispensaries," "Purchase of books for Library," are revenue expenses as they are incurred in the day-to-day running of the Local Government Council. On the other hand, the expenses for "Sinking of wells" and "Extension of Council offices" are capital expenditures as they are long-term investments that will benefit the council for an extended period. Therefore, the total capital expenditure for 1995 is the sum of the expenses for "Sinking of wells" and "Extension of Council offices," which is N70,000 + N160,000 = N230,000. Hence, the answer is N230,000.