For Each of the Following, Identify in Column 1 the Category

question 5

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \text { Accumulated } & & & & \\\text { depreciation- } & & & & \\ \text { factory } & & & & \\ \text { equipment } & & & & \\\hline\end{array}$$

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Definitions:

Inventory

The complete quantity of products and materials kept in inventory by a company, meant for sale or to be used in manufacturing.

Interest Rate

The piece of a loan that accumulates interest for the borrower, often specified as a yearly percentage of the loan's existing outstanding balance.

Marginal Efficiency

Marginal efficiency refers to the rate of return or profit expected from an additional unit of investment.

Interest Rate

The levy, depicted as a percentage of the base amount, that a lender places on a borrower for asset usage.