The Annual Allocation of the Cost of a Long-Term Asset

question 109

Multiple Choice

The annual allocation of the cost of a long-term asset is recorded as a(n) _____.

• A)depreciation expense
• B)operating expense
• C)accrual expense
• D)cost of goods sold

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Definitions:

Secondary Boycott

A boycott of products or a company that sells the products of a company that is being struck.

Trade Unions

Organizations that represent the interests of workers in negotiations with employers over wages, work conditions, and employee rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, focused on improved labor conditions and wages.

Management

The act of directing and controlling a group of people or an organization to achieve a goal through the use of resources efficiently and effectively.