My name is Mushtaq and I have started a magazine called the Caribbean Business Digest. You can learn more at www.caribbeanbusinessdigest.com.

My passion is ...

Writing, reading, business

I know too much about ...

Nothing

My parents always told me ...

Always keep learning

My childhood ambition ...

to be a pilot (and later a surgeon, actor etc etc)

My favorite memory ...

my wedding

Why I write ...

It is a passion, way to express the little knowledge I garnered.

My first job ...

bagging groceries at a local supermarket

My inspiration ...

My wife Nicole Ann, daughter Angeline and unborn child on its way.

Business > Finance & Insurance Comparing expense and capitalization in accounting

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Expenses and capitalization refer to expenditures that companies make in the course of doing business. In accounting expense matches the cost incurred to the period in which economic benefit is enjoyed. An expense is charged to the income statement and decreases owners' stake in the company's financial standing. Capitalization of expenditure is however required when the economic benefit extends over the long term usually in excess of one year. A capitalized expenditure usually applies to long-lived assets such as equipment and buildings and is recorded on the balance sheet.

To prevent th...

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