Accountıng I Deneme Sınavı Sorusu #1313664

Which of the followings refers to the decline in usefulness of a plant asset?


Useful life

Residual Value

Depreciation Expense

Accrued Expense

Deferred Expense


Yanıt Açıklaması:

Value and usefulness of plant assets will decline when the business uses them in its operations. The decline in usefulness of a plant asset is an expense which is called as a depreciation expense. The correct answer is c.

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