Buildings,vehicles,and Desks Are

question 101

Multiple Choice

Buildings,vehicles,and desks are:

• A)amortized.
• B)depleted.
• C)depreciated.
• D)expensed.

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Definitions:

Noncash Deductions

Expenses that reduce a company's taxable income but do not involve an actual cash outflow, such as depreciation and amortization.

Net Working Capital

Represents the difference between a company's current assets and current liabilities, indicating the liquidity of the business.

Pro Forma Statements

Financial statements that project the future financial performance of a company, based on certain assumptions.

Long-Term Debt

Debt with a maturity of more than one year, used to finance or capitalize lasting investments.