Organization Costs Should Be

question 10

Multiple Choice

Organization costs should be:

• A)debited to an intangible asset account when incurred and carried at the original amount until the business begins to earn a profit.
• B)debited to an intangible asset account when incurred and systematically charged to expense over a period of up to 40 years.
• C)debited to an intangible asset account when incurred and carried at the original amount until the business ceases operations.
• D)treated as an operating expense when incurred.

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Definitions:

Social Organization

A framework that defines how society is structured and grouped, often based on social functions, roles, and responsibilities.

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit, often characterized by competitive markets.

Overpopulation

Overpopulation occurs when a species' population exceeds the carrying capacity of its ecological niche, resulting in environmental degradation and diminished quality of life.

Exploitation

The act of treating someone unfairly by using their work or ideas and giving them little or nothing in return.