Which of the following costs should be recorded as an expense? Multiple Choice Depreciation of manufacturing...

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Which of the following costs should be recorded as an expense? Multiple Choice Depreciation of manufacturing equipment Salary

business accounting

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Answer 1

Answer #1

Correct Option : THIRD

All of these expenses.

Explanation:

Depreciation on manufacturing equipment is an expense because it is wear and tear of assets over period of time.
It has to be allocated over a period of time on a systematic basis.

Salary on an administrative employee is an administrative expense.

Insurance for factory building is an expense to protect future damage or uncertainty.

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Answer 2

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