Expense items are depreciated over many years, while capital items are charged off as they are used-usually in the year of purchase.
Correct Answer:
Verified
Q87: Expense items which have had more processing
Q88: Professional services are usually expense items which
Q89: Supplies (business products) are expense items that
Q90: There are two broad groups of product
Q91: Component parts usually require much processing to
Q93: An important difference between raw materials and
Q94: Product class does not vary by country.
Q95: Raw materials are short-lived capital items.
Q96: Raw materials are unprocessed expense items such
Q97: The cost of handling a purchase order
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents