What are expired costs?
A) assets
B) profit
C) expenses
D) revenues

Name: What are expired costs? A) assets B) profit C) expenses D) revenues
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Question

Quizplus · Accepted Answer

Expired costs refer to expenses that have already been incurred but are no longer recoverable or useful. Examples of such expenses include a lease on a building that is no longer in use, insurance premiums for an asset that has been sold, or the cost of goods that have expired and cannot be sold.

What Are Expired Costs