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All of the following may be true regarding a capital budget, EXCEPT: A. Individual capital projects may span several years because of the time required

All of the following may be true regarding a capital budget, EXCEPT: A. Individual capital projects may span several years because of the time required for development and implementation. B. It is an annual process to estimate the resources committed for new projects, equipment, and facilities. C. It may involve starting up or acquiring a new practice, service, or facility. D. It is prepared under a single assumption about the anticipated activity level

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