Examlex
Which of the following is NOT a diagnostic test?
Depreciation Expense
An accounting method of allocating the cost of a tangible asset over its useful life to account for its decrease in value over time.
Accumulated Depreciation
Represents the total amount of a company's asset depreciation expense since the asset was acquired.
Gross Profit
The financial metric representing the difference between revenues and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.
Operating Expenses
Costs associated with a company's main operational activities, excluding cost of goods sold, including expenses like rent, utilities, and salaries.
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