Practice mode Finance

Where is the estimated annual cost of assets used up each year included?

Correct answer B. Depreciation and amortization

Explanation

Depreciation (for tangible assets) and amortisation (for intangibles) spread an asset's cost over its useful life, recording the portion consumed each year as an expense.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.