Final answer:
The acquisition of a delivery truck for $59,000 is a capital expenditure; it represents a long-term investment in a fixed asset that will benefit the business over several years.
Step-by-step explanation:
When a company acquires a delivery truck at a cost of $59,000, this is considered a capital expenditure.
A capital expenditure (CapEx) is the money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is essentially the investment made by a company to acquire or upgrade physical assets. The truck in question is a long-term asset that will presumably benefit the business for several years, which is why the cost is capitalized rather than immediately expensed.
Therefore, the correct option among the provided choices would be D) Capital expenditure. This is because the acquisition of a high-value fixed asset, which will provide utility over a period longer than one accounting year, fits the definition of a capital expenditure.