Which of the Following Must Be Capitalized by a Business

question 61

Multiple Choice

Which of the following must be capitalized by a business?

• A) Replacement of a windshield of a business truck which was broken in an accident.
• B) Repair of a roof of a building used in business.
• C) Amount paid for a covenant not to compete.
• D) Only b. and c. must be capitalized.
• E) a., b., and c. can be expensed rather than capitalized.

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Definitions:

Deferred Imitation

The ability to replicate a behavior or action after a delay or period in which the original action was not continuously observed.

Unique Smell

A distinctive odor that is particular to an individual or thing, making it recognizable.

Primary Circular Reactions

The repetition of actions that first occurred by chance and that focus on the infant’s own body.

Rovee-Collier

Carolyn Rovee-Collier was a psychologist known for her research on infant memory, demonstrating that even young infants can remember information over time.