@Carl wrote:
I say that because defining capitalized assets as those items that get depreciated, and amortized assets as those items that get deducted, significantly reduces the chance of misinterpretation or misunderstanding.
@Carl
The cost of an item is either capitalized or expensed. Assets that are capitalized are either depreciated or amortized over their useful lives; depreciation and amortization are simply two different forms of cost recovery for capitalized assets.
