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.

Name: 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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Question

Quizplus · Accepted Answer

When an expenditure is capitalized, it means it will be recorded as an asset on the balance sheet. Therefore, it will be debited to an asset account.

If an Expenditure It Capitalized, It Is