Examlex
Which of the following is not normally included in an opera?
Unguaranteed Residual Value
The estimated end-of-lease value of an asset that is not guaranteed by the lessee or a third party.
Gross Profit
The difference between sales revenue and the cost of goods sold before deducting selling, general, and administrative expenses.
Cost of Goods Sold
Cost of Goods Sold (COGS) is the direct costs attributed to the production of the goods sold by a company, including the cost of materials and labor.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting its usage and wear and tear.
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