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LSDefine

Simple English definitions for legal terms

capitalized expense

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A quick definition of capitalized expense:

A capitalized expense is a type of business expenditure that provides a long-term benefit. This means that the expense is not immediately deducted from the company's revenue, but instead, it is used for depreciation or amortization. Examples of capitalized expenses include investments in property, equipment, or software. Unlike regular expenses, capitalized expenses are not tax-deductible.

A more thorough explanation:

A capitalized expense is an expense made by a business to provide a long-term benefit. It is also known as a capital expenditure. Unlike regular expenses, a capitalized expense cannot be deducted immediately. Instead, it can be used for depreciation or amortization over a period of time.

For example, if a company buys a new building, the cost of the building is a capitalized expense. The company cannot deduct the entire cost of the building in the year it was purchased. Instead, the cost is spread out over the useful life of the building through depreciation or amortization.

capitalize | capital lease

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JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
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