The Periodic Expense Created by Allocating the Cost of Plant

question 49

Multiple Choice

The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used,representing the expense of using the assets,is called:

• A)Accumulated depreciation.
• B)A contra account.
• C)The expense recognition (matching)principle.
• D)Depreciation expense.
• E)An accrued account.

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