Examlex
_______ identifies what happened, whereas _______ explains why.
Additions
Increases or improvements to an asset that extend its useful life or enhance its productivity.
Plant Asset
Assets that are tangible, long-lived, and used in the production or sale of goods and services, such as buildings and machinery.
Computer Specifications
Detailed information about the hardware and software components of a computer system, including processor speed, memory size, and storage capacity.
Capitalized
Recording an expenditure as an asset on the balance sheet, rather than an expense on the income statement, to spread its cost over its useful life.
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