Examlex
An organization is planning to create 5 different AWS accounts considering various security requirements. The organization wants to use a single payee account by using the consolidated billing option. Which of the below mentioned statements is true with respect to the above information?
Depreciation
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.
Original Cost
The initial purchase price or cost of acquiring an asset, before any depreciation or amortization.
Accounting Period
A specific period of time in which financial transactions are recorded and financial statements are prepared.
Prepaid Rent Expense
An account representing rent payments made in advance for future periods, which is gradually expensed over the benefit period.
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