Hi,
In my company everyone seems to use the term "capitalized" for prepaid rent that we post. Is this correct as I seem to disagree that it is pure and simple prepaid amount. As we can only capitalize for assets which are long term in nature for eg, Fixed Assets?
Thanks!
In my company everyone seems to use the term "capitalized" for prepaid rent that we post. Is this correct as I seem to disagree that it is pure and simple prepaid amount. As we can only capitalize for assets which are long term in nature for eg, Fixed Assets?
Thanks!