Solved

The Periodic Expense Created by Allocating the Cost of Plant

Question 81

Multiple Choice

The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used,representing the expense of using the assets,is called:


A) Accumulated depreciation
B) A contra account
C) The matching principle
D) Depreciation
E) An accrued account

Correct Answer:

verifed

Verified

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

Related Questions

Q71: Adjusting entries are made after the preparation

Q76: An adjusting entry was made on December

Q77: On December 31,the balance in the Prepaid

Q78: A $1,200,000 note payable requires 10% annual

Q79: Which of the following accounts would not

Q80: On May 1,2014,Giltus Advertising Company received $1,500

Q82: The current ratio:<br>A)Is used to measure a

Q84: A company issued financial statements for the

Q85: The alternative method of accounting for prepayments<br>A)Initially

Q86: The adjusted trial balance of E.Pace,Consultant,is entered