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In 2009, a GenX, Inc. spent $500,000 on training and capitalized the entire amount, intending to write it off over 5 years. This accounting treatment is:
a. correct.
b. incorrect. The company should treat the entire amount as an expense in 2009.
c. incorrect. The company should record the expenditure as an asset.
d. incorrect. GAAP requires that all training costs be written off over 40 years.
a. Does Erin and Kyle's decision deal with excess supply or excess demand? b. What should Erin and Kyle do?
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