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Describe how the decision to record costs as assets

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What is the term for recording costs as assets rather than as expenses? Describe how the decision to record costs as assets, rather than expenses, affects the balance sheet and income statement.

Reference no: EM13870341

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Describe how the decision to record costs as assets : What is the term for recording costs as assets rather than as expenses? Describe how the decision to record costs as assets, rather than expenses, affects the balance sheet and income statement.
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