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how to tell if an expenditure is being recorded as an asset or if it is...

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Accounting

how to tell if an expenditure is being recorded as an asset orif it is being expensed immediately when looking at a balancesheet.

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When we look at Balance sheet the prepaid expenses which goes beyond the calendar year like prepaid insurance prepaid rent supplies are shown as current assets in the balnce sheet Part of it    See Answer
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