For long term assets, an estimate of the value used up in any one period shows up
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Question:
For long term assets, an estimate of the "value" used up in any one period shows up as an expense on the Income Statement - this expense is specifically called
administrative expenses
overhead
none of the listed answers are correct
cost of goods sold
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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