An expenditure that increases a long-lived asset's useful life should be

Name: An expenditure that increases a long-lived asset's useful life should be
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An expenditure that increases a long-lived asset's useful life should be capitalized, which means it should be added to the asset's cost and depreciated over the newly extended life of the asset. This is in accordance with the matching principle, which requires that expenses be recognized in the same period as the related revenues or benefits.

An Expenditure That Increases a Long-Lived Asset's Useful Life Should