Which of the following statements accurately describes the difference between capitalization and expensing in accounting?

• A. Capitalization involves recording an expense immediately, while expensing spreads out the cost over multiple periods.
• B. Capitalization and expensing are two terms for the same process of recording liabilities.
• C. Capitalization involves spreading out the cost of an asset over its useful life, while expensing involves recording an expense immediately in the period it is incurred.
• D. Capitalization is used for tangible assets only, while expensing is used for intangible assets.
• E. Capitalization involves recording revenue, while expensing involves recording a decrease in assets.

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