Please answer the short answer questions. Be sure to provide sources you have used. 1. Can all asset

Please answer the short answer questions. Be sure to provide
sources you have used.
1.
Can all assets be capitalized?

What are the rules regarding capitalizing an asset?
2.
What is the purpose of closing entries?
3.
What
does positioning mean? Provide an example.
4.
What are the stages of a product life cycle?
Your thoughts? And please give examples.