Lump-sum charges in the current year and depreciation charges over two years are:
A)past costs.
B)future costs.
C)current costs.
D)relevant costs.
E)average costs.

Question

Quizplus · Accepted Answer

Lump-sum charges are expenses that are paid in a single payment, while depreciation charges are expenses that are spread out over multiple periods. Both of these types of expenses are considered to be past costs because they have already been incurred.

Lump-Sum Charges in the Current Year and Depreciation Charges Over