To revitalize the downtown area both the merchants and the city plans to spend $1 million dollars on new lighting, walkways and storefronts

___________ is about creating a new product while _______________ is the transformation of an idea into something useful.

Fill in the blank(s) with the appropriate word(s).

TruColor Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following is most likely to be true about the printing press?

a. It will be depreciated over its useful life. b. It will be charged as an expense in the year it is bought. c. It will more likely be short-lived. d. It will retain its identity in the final product.