Which of the Following Statements Regarding Capitalization Is Correct

question 19

Multiple Choice

Which of the following statements regarding capitalization is correct?

• A) Capitalizing costs refers to the process of converting assets to expenses.
• B) If a company builds its own facility, only the cost of materials is capitalized.
• C) Capitalizing a cost means to record it as an asset.
• D) Capitalization is an immediate decrease in net income.

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