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Discuss how the increased use of smartphones and social media has changed police investigations.
Administrative Expense
Overhead or general expenses related to the day-to-day running of a business but not directly tied to production.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value.
Amortization Expense
The gradual write-off of the cost of an intangible asset over its useful life.
Accrual Basis
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.
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