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b. When an organization incurs a cost, it can be recorded in one of two basic ways in the AIS: it can be debited to

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b. When an organization incurs a cost, it can be recorded in one of two basic ways in the AIS: it can be debited to an asset (capitalized), as when a company buys a piece of equipment, or it could be debited to an expense (expensed), as with salaries. Suppose a company hired a consultant to help with XBRL implementation. If the company expects to use XBRL for at least five years, should the cost of the consultant be capitalized or expensed? Use the FASB conceptual framework to justify your response. Accoun Informa 3rd Editio View alls

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