the VLN, expenditures after acquisition are either expensed or capitalized. The company spent money on improving their equipment and needs to capitalize the cost. To capitalize this cost means to Group of answer choices A. add the cost to maintenance expense and put it on the income statement. B. add the cost to the equipment account and put it on the balance sheet. C. add the cost to maintenance expense and put it on the balance sheet. D. add the cost to the equipment account and put it on the income statement.
the VLN, expenditures after acquisition are either expensed or capitalized. The company spent money on improving their equipment and needs to capitalize the cost. To capitalize this cost means to Group of answer choices A. add the cost to maintenance expense and put it on the income statement. B. add the cost to the equipment account and put it on the balance sheet. C. add the cost to maintenance expense and put it on the balance sheet. D. add the cost to the equipment account and put it on the income statement.
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 4MC: Which of the following statements about capitalizing costs is correct? A. Capitalizing costs refers...
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From page 7-3 of the VLN, expenditures after acquisition are either expensed or capitalized. The company spent money on improving their equipment and needs to capitalize the cost. To capitalize this cost means to
Group of answer choices
A. add the cost to maintenance expense and put it on the income statement.
B. add the cost to the equipment account and put it on the balance sheet .
C. add the cost to maintenance expense and put it on the balance sheet.
D. add the cost to the equipment account and put it on the income statement.
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