Depreciation is classified as a(n):a) Assetb) Expensec) Liabilityd) Revenueexplain.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 5DQ
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Depreciation is classified as a(n):
a) Asset
b) Expense
c) Liability
d) Revenue
explain.

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