Multiple Choice
Accounting recognizes that assets,such as machinery and buildings,lose value over time.Accountants will record a portion of the cost of an asset as an expense each year through the use of:
A) asset valuation.
B) asset audits.
C) appreciation.
D) amortization.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Brand names such as Coca-Cola and McDonald's
Q66: Expenses are what the business owes to
Q82: Computers today can actually record and analyze
Q85: The purpose of a trial balance is
Q115: The value of what stockholders own in
Q150: The key financial statements are the balance
Q173: During a period of rising prices, the
Q328: ABC Communications is considering the purchase of
Q330: The main reason an accountant would conduct
Q338: Retailers attempt to sell older merchandise before