Asked by
Samiksha Ambawat
on Oct 19, 2024Verified
Depreciation expense is in what broad category of expenditures?
A) operating expenses
B) general and administrative expenses
C) debt interest expense
D) tax expenditures
Depreciation Expense
An accounting method used to allocate the cost of a tangible asset over its useful life.
Operating Expenses
Costs associated with running a business's day-to-day activities, excluding the cost of goods sold, such as rent, utilities, and payroll.
- Grasp the concept of depreciation and its role in financial statements.
Verified Answer
DC
Learning Objectives
- Grasp the concept of depreciation and its role in financial statements.