Office salaries, depreciation expense on office equipment, and office supplies expense are examples of what type of expenses for a merchandising business? Group of answer choices administrative expenses selling expenses miscellaneous expenses other expenses

Office salaries, depreciation expense on office equipment, and office supplies expense are examples of what type of expenses for a merchandising business? Group of answer choices administrative expenses selling expenses miscellaneous expenses other expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Office salaries, depreciation expense on office equipment, and office supplies expense are examples of what type of expenses for a merchandising business?

Group of answer choices

administrative expenses

selling expenses

miscellaneous expenses

other expenses

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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