Answer:
False. Even Information Technology can be considered as capital acquisition.
Step-by-step explanation:
Capital acquisition means the way through which new assets are purchased for business expansion and growth.
Equipments, real estate and construction are all tangible assets and considered as capital assets whose life is usually greater than 1 year.
Any acquisition which serves a business for long term which is generally for more than one year shall be termed as capital acquisition.
Even software and patents acquired can be termed as capital acquisition if useful life of those exceeds an year.
Thus, Information technology can be considered a capital acquisition if it's useful life for business is more than an year.