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Which of the Following Statements Is True with Respect to Capitalizing

Question 45

Multiple Choice

Which of the following statements is true with respect to capitalizing asset costs?


A) All additional costs related to acquiring an asset should be expensed.
B) Land cannot be depreciated so it should just be expensed when acquired.
C) When costs are capitalized,the company gets the tax deduction immediately.
D) Some small expenses related to the purchase of an asset can be expensed for simplicity.

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