Which of the following is true of expense items purchased by organizational buyers?

Question

Quizplus · Accepted Answer

Expense items purchased by organizational buyers are typically items that are charged against the income of the company in the year of purchase. These items are not typically long-lived assets that must be depreciated over time. Major expenses such as setting up new plants, equipment, and machinery would typically fall under the category of capital expenditures rather than operational expenses.

Which of the Following Is True of Expense Items Purchased