Accrued Expense is the process of allocating to expense the cost of a long-term asset over its

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Accrued Expense is the process of allocating to expense the cost of a long-term asset over its useful (service) life in a rational and systematic manner. The cost allocation is designed to provide for the proper matching of expenses with revenues in accordance with the matching principle. *

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Posted Date: Dec 16, 2021 08:50 AM

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Accrued Expense is the process of allocating to expense the cost of a long-term asset over its

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Answer is False Explanation Depreciation is the process of al... View the full answer

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