Question: Question 5 ( 0 . 5 points ) If certain assets are partially used up during the accounting period, then: nothing is recorded on the
Question points
If certain assets are partially used up during the accounting period, then:
nothing is recorded on the financial statements until they are completely used
up
a liability account is decreased and an expense is recorded.
an asset account is decreased and an expense is recorded.
nothing is recorded on the financial statements until they are replaced or
replenished.
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