The adjustment that is made to allocate the cost of a building over its expected life is called:
A) depreciation expense.
B) residual value.
C) accumulated depreciation.
D) None of these answers is correct.
Answer: A
Business
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What will be an ideal response?
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The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012
In 2013, the management accountant evaluated the performance in the organization, reviewed the performance of the sales staff, and compared the sales results to the actual budget that the managerial accountant developed in 2012. Which of the following management accounting responsibilities is the management accountant using in this example? A) Planning B) Directing C) Controlling D) Designing E) Implementing
Business