A college student is thinking about running an ice cream truck over the summer. Which of the following would likely be a one-time expense of the business?
A)The cost of ice cream cones
B)The cost of the truck
C)The cost of the gasoline
D)All of these are one-time expenses.

Question

Quizplus · Accepted Answer

The cost of the truck is a one-time expense, as it is a capital expenditure required to start the business. Costs for ice cream cones and gasoline are recurring expenses needed for the ongoing operation of the business.

A College Student Is Thinking About Running an Ice Cream