Which of the Following Is a True Statement About the Nature

question 13

Multiple Choice

Which of the following is a true statement about the nature of equipment?

• A)While equipment is an asset,its use (depreciation)is an expense.
• B)While equipment is an asset,its use (depreciation)is a liability.
• C)While equipment is an asset,its use (depreciation)affects contributed capital.
• D)Equipment and its use (depreciation)are both liabilities.

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