Multiple choice technology packaged enterprise solutions

____________ process assigns an asset to a new category

  1. A. Reclassification

  2. B. Adjust financial information

  3. D. Capitalization

  4. D. Depreciation
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A Correct answer
Explanation

Reclassification is the process of moving an asset from one category to another, which changes its depreciation rules and accounting treatment. Capitalization is creating assets from costs, depreciation is allocating cost over time, and adjusting financial information modifies costs rather than categories.

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