Acquisition Costs Such as the Fees of Accountants and Lawyers

Multiple Choice

Acquisition costs such as the fees of accountants and lawyers that were necessary to negotiate and consummate the purchase are

A) ​recorded as a deferred asset and amortized over a period not to exceed 15 years
B) ​expensed if immaterial but capitalized and amortized if over 2% of the acquisition price
C) ​expensed in the period of the purchase
D) ​included as part of the price paid for the company purchased