The Arkansas case is the first confirmed one of 2013, Cope said. In the last decade from 2003 to 2012, 31 infections have been reported in the U.S. Naegleria fowleri is thermophilic, or heat-loving. Most infections occur during July, August and September when there is prolonged heat and thus higher water temperatures and lower water levels. This graph from the CDC shows the number of cases of PAM by state of exposure in the U.S. from 1962-2012. When we go back and look at where exposure may have occurred, we see the infections occur where water levels are low or where there are drought conditions or after a heat wave, Cope said.
Land is capitalized at acquisition cost including assessments, legal and recording fees; realtor and appraisal fees, draining, filling, other site preparation costs; judgments levied from damage suits; demolition (razing) costs of structures on land acquired as building sites.
To classify a cost as a long-term investment, rather than charging it to current operations. A capitalized cost does not appear on the income statement, but instead appears as a debit on the long-term assets account and a credit on the cash account of the balance sheet. However, the depreciation expense related to the capitalized cost will appear as an expense on the income statement. Since the long-term assets account is larger due to the effect of capitalization, the depreciation costs are also proportionately larger.