If an asset is consumed, used up, or has no future benefit, it ...
70.2K
Verified Solution
Link Copied!
Question
Accounting
If an asset is consumed, used up or has no future benefit, it a becomes an expense and will be reported on the income statement b remains an asset but will be reported on the income statement c beomes an expense but continues to be reported on the balance sheet d remains an asset and contues to be reported on the balance sheet
If an asset is consumed, used up or has no future benefit, it
a becomes an expense and will be reported on the income statement
b remains an asset but will be reported on the income statement
c beomes an expense but continues to be reported on the balance sheet
d remains an asset and contues to be reported on the balance sheet
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.