The Law Dictionary

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This is an expense that, once completed, will not usually be incurred again. This might be a one-time project or acquisition, like a computer. This purchase might last for more than one accounting period, if payments are made over a long period of time.

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This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.