Costs incurred internally to create intangibles are:

a. capitalized.

b. capitalized if they have an indefinite life.

c. expensed as incurred.

d. expensed only if they have a limited life.

I know the answer is C, expensed as incurred. Could you please explain exactly what that means as opposed to capitalized? Also, could you provide a brief example? Thank you, trying to understand the material better.