. A companys capitalization policy is to only capitalize items over $5,000. If the company pays $4,000 in cash for a trailer, what would be the appropriate entry to make in the companys books?

a. Debit account payable for $4,000 and credit fixed assets for $4,000 b. Debit fixed assets for $4,000 and credit cash for $4,000 c. Debit expense for $4,000 and credit cash for $4,000 d. Credit fixed assets for $4,000 and debit cash for $4,000