Asked by
Ankitha Subbaiah
on Oct 28, 2024
Verified
An expenditure is capitalized when it is reported as an expense on the income statement.
Capitalized
The process of recording a cost or expense as an asset on the balance sheet, rather than immediately expensing it, typically to spread the cost over its useful life.
- Acquire knowledge on the principles governing the capitalization versus expensing of costs associated with the acquisition, development, and maintenance of assets.
Verified Answer
JM
Learning Objectives
- Acquire knowledge on the principles governing the capitalization versus expensing of costs associated with the acquisition, development, and maintenance of assets.
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