Where Would You Expect to Find Depreciation on Factory Equipment

question 6

Multiple Choice

Where would you expect to find depreciation on factory equipment?

• A)included with Depreciation Expense on the Income Statement
• B)in the manufacturing overhead section of the costs of goods manufactured schedule
• C)only on the Income Statement as part of cost of goods sold
• D)as a period cost in the operating expense section of the Income Statement

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Long-term Obligations

Long-term obligations refer to debts or financial commitments that are due to be paid after one year, including bonds, mortgages, and long-term loans.

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