1.12 In February the business cut the hair of 190 customers, earned $4800 in profits and recorded the following operating expenses Hair commission costs 950 Salary expenses 548 Utilities 190 Depreciation of equipment 60 What was the service cost of a haircut?
1.12 In February the business cut the hair of 190 customers, earned $4800 in profits and recorded the following operating expenses Hair commission costs 950 Salary expenses 548 Utilities 190 Depreciation of equipment 60 What was the service cost of a haircut?
1.12 In February the business cut the hair of 190 customers, earned $4800 in profits and recorded the following operating expenses Hair commission costs 950 Salary expenses 548 Utilities 190 Depreciation of equipment 60 What was the service cost of a haircut?
1.12 In February the business cut the hair of 190 customers, earned $4800 in profits and recorded the following operating expenses
Hair commission costs
950
Salary expenses
548
Utilities
190
Depreciation of equipment
60
What was the service cost of a haircut?
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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