FakeNews Inc. recently spent $30 mil. to improve its 40 data centers. It installed new lightning and security, improved the liquid cooling system, and designed the architecture to increase data capacity. Based on what you have learned in class so far, what is the appropriate way to record this transaction, nd why? FakeNews should capitalize this expenditure because it has future economic benefits that last beyond the current fiscal period. FakeNews should capitalize the expenditures because doing so would allow it to report higher current net income. FakeNews should expense the expenditures because it cannot measure its value to the firm. FakeNews should expense the expenditures because shareholders prefer the company report conservative numbers