The Adjusting Entry to Record an Expense Related to the Use

question 60

Multiple Choice

The adjusting entry to record an expense related to the use of a delivery van would involve which of the following?

• A)A debit to Accumulated Depreciation
• B)A credit to Delivery Van
• C)A debit to Depreciation Expense
• D)A debit to Retained Earnings

---

Definitions:

Poisson Random Variable

Represents the number of events occurring in a fixed interval of time or space, assuming that these events happen with a known constant mean rate and independently of the time since the last event.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon, used in probability and statistics to model randomness.

Expected Value

The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Variance

An indicator of the distance between values in a dataset, reflecting how much each value deviates from the average.