________ Is an Accounting Procedure for Systematically Spreading the Cost

question 52

Multiple Choice

________ is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.

• A) Profit basis
• B) Accrual basis
• C) Cash basis
• D) Depreciation
• E) Deferral basis

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Definitions:

Work

The effort or activity directed toward the production or accomplishment of something.

Employees

Individuals who are hired by a business or organization to perform work and are typically paid wages or salaries in return for their labor.

Resource Allocator

A role in management that involves deciding how to distribute resources effectively to achieve specific goals and objectives.

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on financial risks in the quest for profit.