writing Business memo. Role as accountant

Role: You are the accountant for Zume Pizza. You need to compose a Business Memo (see the Taking it to the Net Question Procedures for details) to the owners of Zume Pizza. Use the information from the discussion draft you posted, your classmates posts, and the comments received from classmates. Your memo must include the following information (see the rubric for specific grading instructions): Note: You are not simply responding to the questions, but weaving the information into a memo that speaks to the role listed above. 1. Discuss whether Zume would capitalize or expense the following items: cost of the white panel truck cost of the 56 pizza ovens inside the truck custom paint job on the exterior of the truck replacement tires after the truck has been driven 75,000 miles 2. Explain the impact of capitalizing an item on the financial statements? 3 Explain the impact of expensing an item on the financial statements? 4. Why does it matter whether a cost item is expensed or capitalized? Explain your reasoning in detail