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Old 05-30-2012, 03:28 PM
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Default GAAP book, what does "capitalized" mean?
The GAAP book keeps using the word "capitalized" (see the first sentence of pg 48). Does this this mean that it gets added to the DAC?
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Old 05-30-2012, 06:48 PM
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Yes, expenses that are "capitalized" are deferred, and thus added to DAC.
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