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Faith Ngibuini
on Nov 18, 2024

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Depreciation expense-office
A)Direct materials
B)Direct labor
C)Factory overhead
D)Nonmanufacturing cost

Depreciation Expense

Depreciation expense represents the allocated cost of an asset's reduction in value over time, reflecting the wear and tear or obsolescence of long-term assets used in business operations.

Nonmanufacturing Cost

Expenses not directly related to the production of goods, such as selling, general, and administrative expenses.

Office

An office is a room, set of rooms, or building where the work of a business or organization, particularly clerical work, is conducted.

  • Identify the differences between costs related to products and costs applicable to time intervals.
  • Acquire insight into the effect of depreciation on the financial statements related to office and factory machinery.
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krista souaidNov 19, 2024
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