Multiple Choice
In accounting, what is the meaning of capitalized?
A) Capitalized means that a liability account is credited (increased) for the cost of an asset.
B) Capitalized means that an asset account is debited (increased) for the cost of an asset.
C) Capitalized means that the cost of an asset is recorded as a debit (increase) to expense.
D) Capitalized means that a given city has been selected as a government center.
Correct Answer:
Verified
Correct Answer:
Verified
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