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    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 4: The Balance Sheet and the Statement of Shareholders Equity
  5. Question
    In Order for an Asset to Be Capitalized It Must
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In Order for an Asset to Be Capitalized It Must

Question 76

Question 76

True/False

In order for an asset to be capitalized it must meet one of these three criteria: control, acquisition, and future benefit.

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