An Expenditure to Lengthen the Useful Life of a Company

question 135

Multiple Choice

An expenditure to lengthen the useful life of a company vehicle would require a

• A) credit to Company Vehicles.
• B) debit to Vehicle Maintenance Expense.
• C) credit to Depreciation Expense.
• D) debit to Accumulated Depreciation.

---

Definitions:

Hearsay

Evidence that is heard by one person and then repeated to another.

Anecdotal Evidence

Evidence based on personal testimonies.

Testimony

A formal written or spoken statement, especially one given in a court of law.

Experience

The knowledge or skill acquired by a person through direct involvement in or exposure to events or activities over time.