Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. expenditures capitalized as long-lived assets gene

Expenditures capitalized as long-lived assets generally include those expenditures that: a. Are made for normal...

90.2K

Verified Solution

Question

Accounting

Expenditures capitalized as long-lived assets generally include those expenditures that:

a. Are made for normal repairs to maintain the usefulness of the asset over a number of years.

b. Are for items that have a physical life of more than a year, regardless of their cost.

c. Are material in amount and that have an economic benefit to the entity only in the curret year.

d. Are material in amount and that have an economic benefit to the entity that extends beyond the current year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

There are three urns each containing seven red, five green, and three white balls, and two...

Statistics
Q

Write a 500 word essay on why eliminating carcinogens from the environment would be a more...

Biology
Q

If a gas is flowing at 300m/s and has a pressure and temperature of 90kPa and 20°C,...

Mechanical Engineering
Q

Assignment Instructions: 1) The Factorial The factorial of a non-negative integer ??, denoted by ??!, is the...

Electrical Engineering
Q

A typical bag of fertilizer contains high levels of nitrogen phosphorous and potassium but trace...

Biology
Q

For a metallic conductor if p is resistivity at T and po is resistivity at...

Physics
Q

Plot 76 and 1 11 14 on the number line below

Algebra
Q

Solve the following logarithmic equation In addition use a calculator to approximate the solution 7log...

Algebra
Q

what is the equation for return on investment and how is it useful

Accounting
Q

P11-3A The stockholders' equity accounts of Castle Corporation on January 1, 2019, were as follows....

Accounting
Q

Georgetown purchased supplies on August 8, 20X2, for $4,000. At the fiscal year-end on September...

Accounting
Q

Discuss the advantages and disadvantages of the discounted cash flow model.

Accounting