In many projects, large Rand amounts are expended for materials or services (subcontractors, consultants) that are used over a period of time longer than one cost reporting period.

Question

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This statement is true. Projects often involve large expenditures on items that will be used over a period of time longer than one cost reporting period, such as materials or subcontractors/consultants. These costs are typically accounted for using methods such as depreciation or accrual accounting to spread the expense over the useful life of the asset or service.

In Many Projects, Large Rand Amounts Are Expended for Materials