An Entry That Reflects the Using Up of a Portion

question 4

Multiple Choice

An entry that reflects the using up of a portion of a fixed asset's value would be a(n) ________ entry.

• A) prepaid expense
• B) accrued expense
• C) accrued revenue
• D) depreciation

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Definitions:

Trade-Offs

The balance achieved between two desirable but incompatible features; a compromise or negotiation between conflicting needs or requirements.

Supply Chains

Networks of businesses and processes that work together to produce and deliver a product or service to consumers.

Profit Margin

The percentage of revenue remaining after all expenses have been deducted from sales, indicating the financial health and efficiency of a business.

Efficient Supply Chains

Supply chains that are effectively managed to ensure the right products are delivered at the right time to the right place with minimal waste and cost.