Entity I incurred various costs regarding its delivery truck which it purchased two years ago. For the cost that follows, indicate the proper treatment of the cost for financial accounting purposes: A thief shattered the rear window of the truck (but did not take anything) so the window was replaced at a cost of $800.

Entity I incurred various costs regarding its delivery truck which it purchased two years ago. For the cost that follows, indicate the proper treatment of the cost for financial accounting purposes: A thief shattered the rear window of the truck (but did not take anything) so the window was replaced at a cost of $800.

a. Capitalized

b. Expensed

c. Ignored