Examlex
Which of the following statements is not true?
Depreciation Expense
The allocation of the cost of a tangible or physical asset over its useful life, reflecting the decrease in value over time.
Contribution Margin
The selling price per unit minus the variable cost per unit, used to cover fixed costs and profits.
Variable Costs
Expenses that vary in relation to the amount of production or the scale of business operations.
Fixed Costs
Expenses such as rent, salaries, and insurance that remain constant regardless of the amount of production or sales.
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