The Depreciation of Machinery Used in the Production of Goods

question 15

Short Answer

The depreciation of machinery used in the production of goods is which of the following?
$$\begin{array}{l}&\text { Iratemal transaction } & \text { Extenpl trarisaction }\\ a. & \text { Yes } & \text { Yes } \\ b. & \text { No } & \text { No } \\ c. & \text { No } & \text { yes } \\d. & \text { Yes } & \text { No }\end{array}$$

---

Definitions:

Classified Balance Sheet

A balance sheet that organizes a company's assets, liabilities, and equity into subcategories for clearer understanding.

Balance Sheet

A financial report detailing a company's assets, liabilities, and equity at a particular moment, serving as a foundation for calculating return rates and assessing its financial structure.

Administration Expenses

Expenses related to the general operation of a business, including executive salaries, HR, and IT, not directly tied to the production or selling of goods/services.

Operating Expense

Expenses that a business incurs through its normal business operations, often excluding the cost of goods sold, financing costs, and taxes.