Generally, costs which are initially recorded as an asset and subsequently become an expense are called
A)inventoriable costs.
B)non-manufacturing costs.
C)manufacturing costs.
D)non-capitalized costs.
E)non-inventoriable costs.

Question

Quizplus · Accepted Answer

Inventoriable costs are initially recorded as an asset (inventory) and become an expense (cost of goods sold) when the inventory is sold.

Generally, Costs Which Are Initially Recorded as an Asset and Subsequently