Multiple Choice Question A prepayment that is originally recorded as an asset will be allocated...
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Multiple Choice Question A prepayment that is originally recorded as an asset will be allocated to future accounting periods equally over the periods receiving the benefit expensed in total at the end of the accounting period allocated to future accounting periods based on the cost of the asset used during the period transferred to a liability account at the end of the accounting period 
Multiple Choice Question
A prepayment that is originally recorded as an asset will be
allocated to future accounting periods equally over the periods receiving the benefit
expensed in total at the end of the accounting period
allocated to future accounting periods based on the cost of the asset used during the period
transferred to a liability account at the end of the accounting period
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