Lesson ProgressPhase 4 of 6
Phase 4Independent Practice
Independent Practice: When Does a Cost Become an Asset? — Capitalization, Useful Life, and Salvage Value

Algorithmic deliberate practice: classify purchases as capitalize or expense with streak tracking and reteach guidance.

Phase 4: Deliberate Practice

Capitalize or Expense? — Mastery Practice

Practice classifying TechStart's purchases until you can do it reliably. Each round gives you a new scenario. Get 5 correct in a row to achieve mastery.

How This Works

You will see a purchase description. Decide whether TechStart should capitalize it (record as an asset) or expense it (record as a current-period cost).

  • Each round generates a new purchase scenario with different numbers
  • You get feedback after each submission — not during
  • If you get it wrong, you will see a brief explanation of the correct reasoning
  • Click "New Numbers" to try again immediately
  • Track your streak and mastery progress at the top

Remember the rule: Capitalize if the item lasts more than 1 year AND the cost is significant. Otherwise, expense it.

Capitalize or Expense? — Classification Practice
Decide whether each purchase should be capitalized as an asset or expensed immediately. Target: 5 consecutive correct answers.
Current streak: 0Mastery progress: 0%

TechStart pays $102 for cleaning supplies.

Capitalize When...

  • Item lasts more than 1 year
  • Cost is significant
  • It is equipment, vehicles, buildings, or major improvements

Expense When...

  • Item is used up within the current period
  • It is a routine operating cost
  • It is rent, utilities, supplies, or minor repairs
What Comes Next

After this practice, you will take a short exit ticket to confirm your understanding of capitalization vocabulary and reasoning. Then you will reflect on what you learned and preview the straight-line depreciation method coming in Lesson 03.