Explain why product costs are capitalized but period costs are expensed in the current accounting period.

Are there any requirements for which cost flow assumption is selected for use by a company?

When is depreciation a product cost? When is depreciation a period cost Please Explain both briefly

Which of the following costs would not be included in accounting financial statements? O A. opportunity costs O B. sunk costs O C. historical costs O D. All of the above would be included in accounting financial statements