If an Expenditure It Capitalized, It Is

question 160

Multiple Choice

If an expenditure it capitalized, it is:

• A) debited to an expense account.
• B) debited to an asset account.
• C) credited to an asset account.
• D) credited to an expense account.

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Definitions:

Self-Government

The right or condition of self-rule, typically exercised by a community, region, or country with a degree of autonomy from external authority.

Ban on Liquor

A prohibition or legal restriction placed on the manufacture, sale, and consumption of alcoholic beverages.

War of Jenkins' Ear

A conflict between Great Britain and Spain from 1739 to 1748, ignited by the mutilation of the British sea captain Robert Jenkins and representative of broader colonial and trade disputes.

Pursue Freedom

The act or process of seeking or striving for liberty and autonomy in one's life or society, often from oppression or restrictions.