When an expense benefits more than just the period in which it is incurred, how is the expense treated under u.s. gaap?

When an expense benefits more than just the period in which it is incurred, then under U.S. GAAP, the expense should be allocated among the periods benefited.

What is U.S GAAP?

A group of regularly followed accounting rules and standards for financial reporting is known as generally accepted accounting principles (GAAP or US GAAP).
The requirements of GAAP, the standard set by the U.S. Securities and Exchange Commission (SEC), include rules relevant to each industry as well as explanations of concepts and principles.
GAAP is designed to make sure that financial reporting is open and consistent across all organizations.

GAAP is nothing more than a set of rules. Despite the fact that its principles aim to increase the openness of financial statements, they do not ensure that a company's financial statements are free from mistakes or omissions that are meant to deceive investors.

Know more about U.S. GAAP with the help of the given link:

https://brainly.com/question/16029218

#SPJ4