The cost of assets consumed is also known as

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WebThe cost of assets consumed or services used is also known as a revenue. a liability. an expense. an asset. B ) an expense . Expense refers to the cost that is incurred by the … WebMar 29, 2024 · Assets can be broadly categorized into current (or short-term) assets, fixed assets, financial investments, and intangible assets. Types of Assets Current Assets

Assets consumed or services used is also known as? - Answers

WebThe cost of assets consumed or services used is also known as: a. a revenue b. an expense c. a liability d. an asset Revenue from assets: Assets are the valuable base for running the... WebSep 14, 2010 · Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant ... black top \u0026 checker ca

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WebMar 27, 2024 · Stephen Hawking's recent death was on the front pages of newspapers and trended on social media. Cher and Katy Perry tweeted about it. It's not often that science or scientists ge WebDEPRECIATION Depreciation can be defined as that part of the original cost of fixed assets that are consumed during its period of use in the business. Depreciation can also be defined as the loss in the value due to of usage of an asset. Almost all business assets have a given time duration for their existence and as they are used/ consumed their value keeps on … WebJun 24, 2024 · An asset is a purchase that a business makes to support operations that typically costs more than $2,500. Depending on the business, they may set different caps … black top twitter

The cost of assets consumed is also known as

What Is an Asset? Definition, Types, and Examples - Investopedia

WebApr 14, 2024 · Financial operations, also known as FinOps, is a relatively new concept that has been gaining traction in recent years. It is an approach that involves the collaboration between finance and ... Web154 Likes, 13 Comments - PUNCH Newspapers (@punchnewspapers) on Instagram: "The amount spent as subsidy by the Federal Government on every litre of Premium Motor ...

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WebApr 13, 2024 · 7. Calyx Interiors Cordless Honeycomb 9/16-Inch Cellular Shade. This shade's differentiating features are its cordless operation and honeycomb construction. Its cellular design helps to trap air in the pockets, which gives superior insulation, energy efficiency and sound absorption. WebAug 16, 2024 · Cost is the expenditure required to create and sell products and services, or to acquire assets. When sold or consumed, a cost is charged to expense. In the case of …

WebAlso known as: balance of payments account. balance sheet A record of the assets, liabilities, and net worth of an economic actor such as a household, bank, firm, or government. bank A firm that creates money in the form of bank deposits in the process of supplying credit. bank bailout WebThe costs of doing business are classified as:a. assets.b. liabilities.c. revenues.d. expenses. Question The costs of doing business are classified as: a. assets. b. liabilities. c. revenues. d. expenses. Expert Solution Want to see the full answer? Check out a sample Q&A here See Solution star_border Students who’ve seen this question also like:

WebApr 26, 2024 · The cost of assets consumed or services used is also known as:. See answer Advertisement Obinnaanyanwu Answer: It is called expense. that is the correct answer. … WebJun 27, 2024 · An expenditure is a payment or the incurrence of a liability, whereas an expense represents the consumption of an asset. Thus, a company could make a $10,000 expenditure of cash for a fixed asset, but the $10,000 asset would only be charged to expense over the term of its useful life.

WebFeb 23, 2024 · Working capital is also known (A) Operation capital (B) Operating capital (C) Current assets capital (D) Capital relating to main projects of the company Answer: (B) Operating capital Question 2. A positive working capital means that – (A) the company is able to pay-off its long-term liabilities.

WebQuestion: Question 9 The cost of assets consumed or services used is also known as a revenue. an expense. a liability. an asset. Show transcribed image text Expert Answer … blacktop turn off monitorWebthe portion of an value on the balance sheet is referred to as an expired cost. ans: dif: easy obj: the portion of an asset that was consumed during period is Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions University of Southeastern Philippines Isabela State University foxfield spring races 2022WebThe cost of assets consumed or services used is also known as a revenue. an expense. a liability an asset. Henson Company began the year with retained earnings of $380,000. … foxfields way huntingtonWebIt is also known as consumed assets whereas fictitious assets cannot be consumed. Examples of wasting assets include natural resources like coal, and oil, and others like machinery, vehicles, etc. Whereas examples of fictitious assets are prepaid expenses, promotional costs, etc. Advantages. Following are the advantages are: fox field subdivision angier ncWebMar 29, 2024 · In accounting, some assets are referred to as current. Current assets are short-term economic resources that are expected to be converted into cash or consumed within one year. Current... foxfield steeplechaseWeb6. The cost of assets consumed or services used is also known as a. a revenue. b. an expense. c. a liability. d. an asset. 7. The best definition of assets is the a. cash owned by … foxfield steam railwayWebThe cost of assets consumed or services used is also known as a a revenue b an from ACCT 2102 at Georgia State University, Perimeter College. Expert Help. ... The cost of assets consumed or services used is also known as a. a revenue. b. an … foxfields therapeutic riding centre