capitalized expenses

Can You Capitalize Fundraising Expenses?

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Can You Capitalize Fundraising Expenses? These costs should be expensed as incurred. Christine emphasized that, “even though you may lump all the planning and construction costs into a capital campaign asset account, you can’t put the fundraising costs there. Fundraising costs must be charged directly to a fundraising expense account How do you account for

Can You Capitalize Insurance Costs?

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Can You Capitalize Insurance Costs? Any insurance expense properly allocable to the production activity must be capitalized and included in the basis of the asset when production is complete. What costs can be capitalized? These include materials, sales taxes, labor, transportation, and interest incurred to finance the construction of the asset. Intangible asset expenses can