In accounting, what is the meaning of capitalized?
◦ Capitalized means that an asset account is debited (increased) for the cost of an asset.
◦ Capitalized means that a liability account is credited (increased) for the cost of an asset.
◦ Capitalized means that the cost of an asset is recorded as a debit (increase) to expense.
◦ Capitalized means that a given city has been selected as a government center.