Short-lived goods and services that are charged off as they are used rather than depreciated over several years are called
A)nontaxable items.
B)expense items.
C)derived items.
D)durables.
E)capital items.

Question

Quizplus · Accepted Answer

An expense item is a product whose total cost is treated as a business expense in the year it's purchased.A capital item is a long-lasting product that can be used and depreciated for many years.

Short-Lived Goods and Services That Are Charged Off as They