Which of the Following Statements Is Correct About Capital Assets

question 78

Multiple Choice

Which of the following statements is correct about capital assets?

• A)For managerial accounting purposes,"capital assets" are defined more narrowly than for financial accounting purposes.
• B)Human capital and research and development are both considered capital assets for financial accounting purposes,but not for managerial accounting purposes.
• C)Capital assets are only those that can be depreciated,whether using managerial or financial accounting.
• D)For managerial accounting purposes,"capital assets" are defined more broadly than for financial accounting purposes.

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Definitions:

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