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CICA Handbook
The Canadian Institute of Chartered Accountants Handbook, which contains accounting and assurance standards in Canada.
Capitalize
To record a cost as a long-term asset rather than an expense, spreading the cost over its useful life.
Amortize
To amortize means to gradually pay off or write down the cost of an asset or debt over a period, often through regular payments.
Immediate Write-Off
The process of fully expensing an asset or expenditure in the current period instead of spreading its cost over its useful life.
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