Costs that benefit future periods are included in a long-lived asset account, and are called operating expenses.

Name: Costs that benefit future periods are included in a long-lived asset account, and are called operating expenses.
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Costs that benefit future periods are included in a long-lived asset account, and are called capital expenditures, not operating expenses. Operating expenses are costs associated with the day-to-day functions of a business.

Costs That Benefit Future Periods Are Included in a Long-Lived