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Scientists have created genetically modified organisms (GMOs) by isolating and then transferring the jellyfish gene for green fluorescent protein into pigs,bacteria,plants,and mice.The result was bioluminescent organisms! These experiments demonstrate that
Expensed
Expensed is the recognition of a cost as an expense on the income statement in the period in which it is incurred, rather than capitalizing it as part of an asset.
Units-of-production Method
a depreciation technique that allocates the cost of an asset over its useful life based on the number of units it produces.
Straight-line Method
A method of calculating depreciation of an asset, which spreads the cost evenly over its useful life.
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life.
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