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Craig's Design and Landscape has a $1,000 capitalization amount. What does it mean to capitalize a cost? Discuss the financial statement (income statement and balance
Craig's Design and Landscape has a $1,000 capitalization amount. What does it mean to capitalize a cost? Discuss the financial statement (income statement and balance sheet) impact of capitalizing verus expensing costs. Do you think the $1,000 is a reasonable amount? Why or why not? Discuss what accounting concept comes into consideration. Be sure to answer in complete sentences
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