Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
a.Capitalize
b.Materiality
c.Repairs and maintenance
d.Addition
e.Improvement
Phrases:
_____ Occurs when we add a new major component to an existing asset.
_____ The cost of replacing a major component of an asset.
_____ Large enough to influence an investor or creditor's decision.
_____ Recording an expenditure as an asset.
_____ Expenses after acquisition that maintain a given level of benefits.

Question

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The Answer of Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
a.Capitalize
b.Materiality
c.Repairs and maintenance
d.Addition
e.Improvement
Phrases:
_____ Occurs when we add a new major component to an existing asset.
_____ The cost of replacing a major component of an asset.
_____ Large enough to influence an investor or creditor's decision.
_____ Recording an expenditure as an asset.
_____ Expenses after acquisition that maintain a given level of benefits.

Listed Below Are Five Terms Followed by a List of Phrases