Expensed


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Expensed

Charged to an expense account, fully reducing reported profit of that year, as is appropriate for expenditures for items with useful lives under one year.

Expensed

Charged to an expense account, reducing the profit for a given project or assignment. The term is associated with charges connected to networking and other events used to attract clients or investors. Expensed items are written off on taxes as they reduce profit.
References in periodicals archive ?
With respect to consulting fees, the proper allocation of the amount to be expensed or capitalized and the appropriate amortization periods are determined when a new facility is selected and placed in service.
If it's less than 80%, the cumulative difference must be expensed in the current period.
The taxpayer may select the properties for which the expensing election will be made, as well as the portion of each property's cost to be expensed.