
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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For financial reporting purposes, GAAP requires organization costs to be
capitalized and treated as an intangible asset with an indefinite life.
capitalized and amortized over the first five years of the company's existence.
expensed in the period in which they are incurred.
capitalized and amortized over 20 years.
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