To be capitalized,an expenditure must ________.
A)extend the useful life of a long-term asset
B)enhance the operating efficiency of a long-term asset
C)be reasonable and necessary to put a long-term asset into a working condition
D)all of these

Question

Quizplus · Accepted Answer

All three options extend the life, enhance the efficiency, or put a long-term asset in working condition, meet the criteria for capitalization. Therefore, all of them must be capitalized.

To Be Capitalized,an Expenditure Must ________