Expenditures which extend the life of an asset or increase its productive capacity should be expensed.

Name: Expenditures which extend the life of an asset or increase its productive capacity should be expensed.
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Question

Quizplus · Accepted Answer

Expenditures which extend the life of an asset or increase its productive capacity should be capitalized and recorded as an increase in the asset's value on the balance sheet, not expensed.

Expenditures Which Extend the Life of an Asset or Increase