Which of the following statements about property, plant and equipment and depreciatin is true?
a. Plant, property and equipment assets are sold to customers in the normal course of business.
b. Accounting requires that the cost of a depreciable asset be recorded as an expense over time periods benefirted by the asset.
c. Accumulated depreciation is the total amount of depreciation that has been recorded on a depreciable asset in the current period.
d. Accounting and general usages of the term depreciation are the same.
e. Land is a depreciable asset.© BrainMass Inc. brainmass.com June 3, 2020, 11:26 pm ad1c9bdddf
Which of the following statements about property, plant and ...
The response tell about property, plant and equipment.