How are capitalized costs reported on the financial statements?

A. Capitalized costs are reported on the Statement of Cash Flows.

B. Capitalized costs are reported as assets on the balance sheet and systematically transferred to the income statement as expense over the useful life of the asset.

C. Capitalized costs are reported on the Statement of Stockholders Equity.

D. Capitalized costs are reported on the income statement as expenses in the period incurred.