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Tarun is helping Nicole prepare a document she needs for her history class. Tarun tells Nicole that all of the following are true about inserting references EXCEPT: ____.
Software Development Costs
Expenses incurred in the research, development, design, and testing of software, which may be capitalized or expensed depending upon their nature and the accounting policies followed.
Long-lived Assets
Assets expected to provide economic benefits over a period longer than one year, such as buildings, machinery, and equipment.
Capitalizes Expenditures
The process of recording a cost as an asset, rather than an expense, to be written off over the future period.
Rate-of-Return Comparisons
A method of evaluating the profitability of different investments by comparing their rates of return.
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