In Order for an Asset to Be Capitalized It Must

question 76

True/False

In order for an asset to be capitalized it must meet one of these three criteria: control, acquisition, and future benefit.

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Definitions:

Duplex Mind

The idea that the mind has two different processing systems (deliberate and automatic).

Automatic System

The part of the mind outside of consciousness that performs simple operations

Automatic System

An automatic system refers to processes or operations that function with minimal human intervention, often based on predefined rules or algorithms.

Deliberate System

The part of the mind that performs complex operations.