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Major Capital

The renewal an asset, or replacement of a significant component of an asset, that exceeds a certain threshold amount. 

Some examples of major capital expenditures: 

  • The installation of a new roof on a building. 
  • The replacement of a boiler
  • The installation of new carpets in the hallways
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Fig. Boiler replacement              Fig. Roof replacement

See also:
Compare with:
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Fig. Domestic repiping project