Multiple Choice
Which of the following statements regarding capitalization is correct?
A) Capitalizing costs refers to the process of converting assets to expenses.
B) If a company builds its own facility, only the cost of materials is capitalized.
C) Capitalizing a cost means to record it as an asset.
D) Capitalization is an immediate decrease in net income.
Correct Answer:
Verified
Correct Answer:
Verified
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