Which of the following distinguishes a capital purchase from an operational expense?
a. A capital purchase is a one-time investment in a long-term asset, while an operational expense is a recurring cost for day-to-day business activities.
b. Capital purchases are typically higher in cost and have a longer useful life, while operational expenses are lower in cost and are incurred regularly.
c. Capital purchases are usually depreciated over time, while operational expenses are fully expensed in the period they are incurred.
d. Capital purchases require a higher level of approval and budget allocation, while operational expenses are usually managed by department heads or managers.