How is a current expenditure different from a capitalized expenditure? There is no difference between a current expenditure and a capitalized expenditure. A current expenditure is included on the balance sheet as a long-term tangible asset, while a capitalized expenditure is expensed on the income statement. A current expenditure is expensed on the income statement, while a capitalized expenditure is included on the balance sheet as a long-term tangible asset. Both a current expenditure and a capitalized expenditure are expense items that are included on the income statement