Assertion (A): Capital budgeting decisions are long-term investment decisions
Reason (R): It includes expansion and replacement decisions
1
Both (A) and (R) are correct and (R) is the correct explanation of (A)
2
Both (A) and (R) are correct and (R) is not the correct explanation of (A)
3
(A) is true, (R) is false
4
(A) is false, (R) is true.