Which of the Following Properly Describes the Accounting for Factory

question 75

Multiple Choice

Which of the following properly describes the accounting for factory depreciation?

• A) Factory depreciation is an inventoriable product cost and is expensed as incurred.
• B) Factory depreciation is a period cost and is expensed as incurred.
• C) Factory depreciation is a period cost and is expensed when the manufactured product is sold.
• D) Factory depreciation is an inventoriable product cost and is expensed when the manufactured product is sold.

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Definitions:

Shannon

Without specific context, this could refer to a personal name. In information theory, Claude Shannon is known for founding digital circuit design theory and information theory.

Sternberg's Triangular

A theory proposed by psychologist Robert Sternberg that describes the dynamic components of love as intimacy, passion, and commitment.

Trust

A psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.

Intimacy

A close, familiar, and affectionate personal relationship with another person.