Question: Suppose that Ford gives their entire assembly line an up - grade so that it can now be used for producing electric vehicles. Are these
Suppose that Ford givestheir entire assembly line an upgrade so that it can now be used for producing electric vehicles. Are these costs listed as an asset or expensed?
It is recorded as an asset
It is immediately expensed
It can be either it is up to the discretion of the manager.
It is not recorded as an asset and it is not expensed
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