Asked by
Jamie Portier
on Nov 18, 2024
Verified
Depreciation on office equipment
A)Direct materials
B)Selling and administrative expense
C)Factory overhead
D)Direct labor
Depreciation
The method of allocating the cost of a tangible asset over its useful life.
Office Equipment
Tangible assets used in an office such as computers, printers, and desks, essential for day-to-day operations.
Selling and Administrative Expense
Expenses related to the selling of products and the general administrative functions of a company, which do not directly contribute to the production of goods.
- Compare and contrast the expenses related to selling and administration with the costs involved in manufacturing.
- Understand the financial implications of depreciation on financial statements for both office and factory equipment.
Verified Answer
AM
Learning Objectives
- Compare and contrast the expenses related to selling and administration with the costs involved in manufacturing.
- Understand the financial implications of depreciation on financial statements for both office and factory equipment.