Compared with firms that expense costs, firms that capitalize costs can be expected to report: Select one: O a. lower asset levels and higher equity levels in the early years of the asset's life. O b....

Extracted text: Compared with firms that expense costs, firms that capitalize costs can be expected to report: Select one: O a. lower asset levels and higher equity levels in the early years of the asset's life. O b. higher asset levels and higher equity levels in the early years of the asset's life. O c. higher asset levels and lower equity levels in the early years of the asset's life.