Sec. 441.58. Capitalize

(a) To record and carry forward into one or more future periods any expenditure, the benefits or proceeds from which will then be realized.

(b) To add to a fixed asset account the cost of plant additions, improvements and expenditures having the effect of increasing the efficiency or yield of a capital asset or making possible future savings in cost from its use.

(c) To transfer surplus to a capital-stock account, as the result of the issue of a stock dividend, a recapitalization, or, under the laws of some states, resolution of the board of directors.

(d) To discount or calculate the present worth of the projected future earnings of an asset or business.