Prepare a capital budget for a finance manager at company X. The main portion of the budget will be used on fixed assets. He needs to use these assets with the appropriate accounting standards (FASB).

1. He would like us to provide him with more information about the FASB codification.

2. Help him find the specific codification citation on what expenditures should be included on the cost of fixed assets.

3. Reply to this as an email.

ANY THING WILL HELP THANK YOU