Costs expensed with the passage of time are called period costs.

Name: Costs expensed with the passage of time are called period costs.
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Period costs are expenses that are not related to the production of goods or services and are expensed over the period in which they are incurred, as opposed to being included in the cost of the goods or services produced. Examples of period costs include rent, salaries and wages of administrative staff, and advertising expenses.

Costs Expensed with the Passage of Time Are Called Period