Answered: What is the sacrifice, depletion of…

What is the sacrifice, depletion of assets or expenditure made to generate income called? a) Spending B) Cost NS) Income D) Expense TO) Cost

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter5: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 5TF: LO1 The purpose of depreciation is to record the assets market value in the accounting records.

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Question

15-

What is the sacrifice, depletion of assets or expenditure made to generate income called?

Spending

Cost

NS)

Income

Expense

TO)

Cost

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