Which of the Following Accounts Would Most Likely Be Depreciated

question 84

Multiple Choice

Which of the following accounts would most likely be depreciated?

• A) Equipment
• B) Office Supplies
• C) Cash
• D) Accounts Payable

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Definitions:

Residual Income

The amount of income that an individual or company retains after accounting for all costs and expenses.

Producer Price Index

An economic indicator that measures the average changes in prices received by domestic producers for their output.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.