Cost of installing a new production machine
A: Asset
B: Expense
A: Asset
B: Expense
举一反三
- Since the introduction of the new machine, the production cost _____ (reduce) greatly.
- 名华慕课: Which of the following be included in period expense? Operating expense Administration expense Financial expense Production cost
- The packaging expense belongs to the cost of production, which can be recorded into the cost.Raise prices
- The entry to record depreciation expense at the end of an accounting period( ). A: reduces the book value of the asset being depreciated B: is an example of an accrual C: reduces the balance in a contra asset acount D: increased the depreciable cost of the asset being depreciated
- Once the estimated depreciation expense for an asset is calculated: A: It cannot be changed due to the historical cost principle. B: It may be revised based on new information. C: Any changes are accumulated and recognized when the asset is sold D: The estimate itself cannot be changed; however, new information should be disclosed in financial statement footnotes. E: It cannot be changed due to the consistency principle.