Money well spent doesn't count any more, at least neither in the UK or France. Both, at the end of the fionancial year, throw money away, more or less, in the form of equipement or similar, so that they have the same allowance the following year to buy new gear. I'm talking about publicly owned companies, don't really know about the private sector, but I supose it's the same in big companies, with little factories all over the place.
I've seen some in the UK literally breaking big engines so that their allowance for buying stays at the inflation level!!!
Probably different in the US as there aren't so many publicly owned industries, as far as I know, which isn't very far, TBH
