Question: Explain the main differences between costs incurred on a non-current asset that are capitalised as part of the asset cost as opposed to costs that

Explain the main differences between costs incurred on a non-current asset that are capitalised as part of the asset cost as opposed to costs that are immediately expensed. In your answer, you are also required to explain the difference in accounting treatment / impact on the accounting equation and provide an example of each to illustrate your answer. (word limit 150)

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