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Which of the following is ordered correctly from largest to smallest planet
Useful Life
The expected period of time during which an asset is useful to the owning entity and contributes to its cash flows.
Prepaid Rent
It represents payments made for rent before the rental period has occurred, classified as a current asset on the balance sheet.
Adjusting Entry
Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not captured in daily transactions.
Rent Expense
The cost incurred by a company for utilizing a property or equipment for business operations, typically recognized over the period the property is used.
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