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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Definitions:

Editing Restrictions

Limitations or controls placed on the ability to modify or change a document, often used to maintain the integrity of the original content or comply with policy.

Check Box Content Control

A user interface element in document creation software that allows users to select or deselect options by marking boxes.

Date Picker

A graphical user interface control that lets users select a date from a calendar and insert it into an application.

Combo Box

A GUI widget that combines a drop-down box with a text box, allowing the user to choose an item from a list or type in a value.