Which Statement Is True About a Company's Choice of Capitalization

Multiple Choice

Which statement is true about a company's choice of capitalization policy?

A) All assets with a useful life of more than one year must be capitalized.
B) The company's policy must meet the minimum capitalization amounts established by GAAP.
C) The company's policy is usually determined relative to materiality.
D) The company may elect to capitalize operating expenses which exceed the minimum threshold for asset capitalization.