Which of the following is NOT considered an accrued expense account?
A) Depreciation Expense
B) Salaries Expense
C) Rent Expense
D) Interest Expense

Question

Quizplus · Accepted Answer

Depreciation Expense is not considered an accrued expense account because it represents the allocation of the cost of a tangible asset over its useful life, rather than an expense that has been incurred but not yet paid. Accrued expenses typically involve external parties and are obligations for services or goods received but not yet paid for, such as salaries, rent, and interest expenses.

Which of the Following Is NOT Considered an Accrued Expense