An Entry That Reflects the Using Up of a Portion

question 96

Multiple Choice

An entry that reflects the using up of a portion of a fixed asset's value would be a(n) entry.

• A)prepaid expense
• B)depreciation
• C)accrued expense
• D)accrued revenue

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Definitions:

Cigars

Typically a tightly rolled bundle of dried and fermented tobacco that is smoked, considered a luxury good in many cultures.

Consumer's Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Net Increase

The difference resulting from the amount by which something grows or goes up less any decreases.

Units of X

A measure or quantity of a specific good or product, referred to as 'X' in an economic or mathematical context.