In accounting, capitalized assets are categorized as having economic value that will benefit future periods of time. However, any asset that is expensed is categorized as having an economic value that has been consumed in order to create revenue in the current period of time. The former is reported on the balance sheet and the latter on the income statement of the business. For this assignment, select one of the organizations with a prominent IT department from the Topic 1 assignment. Once identified, prepare an 8-10 PowerPoint presentation providing the following information that you will share, hypothetically, with an IT director for whom you are consulting: 1. Share an analysis of the accounting challenges or accomplishments the organization seems to have faced with its categorization of expenses versus capitalization. 2. Describe the potential effects of capitalization and expenses. Some areas worth examining are the net income, stockholders’ equity, cash flow from operations, assets reported on the balance sheet, and financial ratios. 3. Analyze at least two perceived needs of the organization at the time and justify the reasons for your claims (e.g., are assets expensed versus capitalized in an effort to lower taxes, or are more loans/investments secured in an effort to increase business value). While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.