The Proper Way to Cite a Source in a Research

question 19

True/False

The proper way to cite a source in a research report, when the author's name appears as the subject of the sentence, is "Smith, 2005, . . ."

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Definitions:

Depreciation Expense

Segmenting the cost related to a physical asset through its active life.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, representing how much of the asset's value has been used up.

Balances

The figures that represent the difference between the sum of debits and credits in an account.

Expense Recognition

The accounting principle that expenses are recorded and reported in the same period as the revenues they help to generate, ensuring accurate financial statements.