KINDLY CLARIFY THE FOLLOWING 1-bad goods-right off 2-via report 3-capitalization of assets?

1 - A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income.

2- Through Report.

3- Capitalization is the recordation of a cost as an asset, rather than an expense. This approach is used when a cost is not expected to be entirely consumed in the current period, but rather over an extended period of time. For example, office supplies are expected to be consumed in the near future, so they are charged to expense at once. An automobile is recorded as a fixed asset and charged to expense over a much longer period through depreciation, since the vehicle will be consumed over a longer period of time than office supplies

Capitalization is also based on the concept of materiality. If a cost is too small, it is charged to expense at once, rather than bothering with a series of accounting calculations and journal entries to capitalize it and then gradually charge it to expense over time. The specific dollar amount below which items are automatically charged to expense is called the capitalization limit, or cap limit. The cap limit is used to keep record keeping down to a manageable level, while still capitalizing the bulk of all items that should be designated as fixed assets.

Capitalization is used heavily in asset-intensive environments, such as manufacturing, where depreciation can be a large part of total expenses. Conversely, capitalization may be extremely rare in a services industry, especially when the cap limit is set high enough to avoid the recordation of personal computers and laptops as fixed assets.