Please help, URGENT

4. Do we expense or capitalize the cost of constructing long-term asset. Cite relevant ASC codification. (5pts) 5. The conceptual framework suggests that costs should be deferred if they create or add value to an asset. Assets are defined as "... probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events". We discussed three exceptions to this principle in class. Describe one of the exceptions. (10 points) 6. In the case of Outsourcing Service, do we defer the cost on Industry study ($250,000 - Prior to starting this new service line, OSI hired independent consultants to assist in the evaluation and study of this industry)? How about sales commission? (10 points)