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A customer tells you that the cost of machinery it purchased earlier this year has been capitalized on the financial statements of the company. What
A customer tells you that the cost of machinery it purchased earlier this year has been capitalized on the financial statements of the company. What does the term "capitalized" mean in this context?
A) recorded on the balance sheet as a fixed asset
B) sold and removed from the balance sheet
C) listed on the income statement as a capital expense
D) recorded at an initial value that is greater than its historical cost
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