Which of the following is a common fixed cost to the salesdepartments in a department store?a. Salaries of store security personnel.b. Salaries of sales department managers.c. Cost of goods sold.d. Depreciation on fixtures used exclusively in a specificsales department.

Which of the following is a common fixed cost to the salesdepartments in a department store?a. Salaries of store security personnel.b. Salaries of sales department managers.c. Cost of goods sold.d. Depreciation on fixtures used exclusively in a specificsales department.

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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Question

Which of the following is a common fixed cost to the sales
departments in a department store?
a. Salaries of store security personnel.
b. Salaries of sales department managers.
c. Cost of goods sold.
d. Depreciation on fixtures used exclusively in a specific
sales department.

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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