An Example of an Obsession Is

question 98

Multiple Choice

An example of an obsession is

• A)constant hand washing to cleanse away bacteria.
• B)repeating someone's name five times every time you see her.
• C)constant worry over contracting syphilis from a handshake.
• D)repeatedly checking to see if the stove is turned off.

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Definitions:

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for a more accurate financial statement.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its loss of value over time.

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and tools.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset from the time it was put into service until a particular date.