ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 138

54. In order for a cost to be capitalized (capital
expenditure), the following must be present:

a. The useful life of an asset must be increased.

b. The quantity of assets must be increased.

c. The quality of assets must be increased.

d. Any one of these.