menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 5
  4. Exam
    Exam 3: The Adjusting Process
  5. Question
    An Entry That Reflects the Using Up of a Portion
Solved

An Entry That Reflects the Using Up of a Portion

Question 96

Question 96

Multiple Choice

An entry that reflects the using up of a portion of a fixed asset's value would be a(n) entry.


A) prepaid expense
B) depreciation
C) accrued expense
D) accrued revenue

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: A contra account has two characteristics: (1)a

Q91: The end- of- period process starts with

Q92: A business acquires equipment for $140 000

Q93: Pattie's Event Planning Service collects the fees

Q94: The accountant for Noble Jewellery Repair Services

Q97: Entries that record cash collected before the

Q98: On 1 March 2013, Joy Company paid

Q99: At the end of the current year,

Q100: Which of the following is TRUE?<br>A)Accrual accounting

Q101: At 1 January, Smith has $1 200

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines