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With regard to automobile searches, if someone is pulled over for a lawful traffic stop and placed under arrest, then the police can search a vehicle without a warrant if they have probable cause to arrest the occupants of the vehicle and if they have probable cause that the car contains illegal items.This is known as the ______.
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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