An Expenditure to Lengthen the Useful Life of a Company

question 16

Multiple Choice

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

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

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Definitions:

Syndesmosis

A type of fibrous joint in which two bones are joined together by a band of connective tissue, allowing for slight movement.

Synovial Joint

A type of joint that is surrounded by a fluid-filled capsule, allowing for smooth movement between bones.

Periosteum

A dense, fibrous membrane covering the outer surface of bones, providing nourishment and involved in bone growth and repairing.

Synovial Cavity

A fluid-filled space that exists between bones that are encapsulated by a synovial membrane, aiding in smooth movement of the joints.