All of the following is a period cost EXCEPT: a. Salary of an accountant. b. Cost of a training session attended by the company's controller. c. Insurance on a company administration building. d. Monthly depreciation of assembly line equipment.

All of the following is a period cost EXCEPT: a. Salary of an accountant. b. Cost of a training session attended by the company's controller. c. Insurance on a company administration building. d. Monthly depreciation of assembly line equipment.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 11E: Classify each of the following items of factory overhead as a(n) unit-level, batch-level,...

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Question

All of the following is a period cost EXCEPT:

	a.	Salary of an accountant.
	b.	Cost of a training session attended by the company's controller.
	c.	Insurance on a company administration building.
	d.	Monthly depreciation of assembly line equipment.

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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