Question: Current Attempt in Progress If an asset is consumed, used up , or has no future benefit, it becomes an expense but continues to be

Current Attempt in Progress
If an asset is consumed, used up, or has no future benefit, it
becomes an expense but continues to be reported on the balance sheet.
remains an asset and continues to be reported on the balance sheet.
becomes an expense and will be reported on the income statement.
remains an asset but will be reported on the income statement.
Current Attempt in Progress If an asset is consumed, used up,

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