The term used to recognize expense for property, plant, and equipment is Blank______.Multiple choice question.depletionamortizationdepreciation

The systematic write-off of the cost of an asset to expense over its useful life is called Blank______.Multiple choice question.depreciationgross profitallocationnet income

Depreciation is considered a type of Blank______.Multiple choice question.selling expensetaxincomeoperating expense

Items of value owned by a firm are called Blank______.Multiple choice question.expensesassetsliabilitiesrevenue

Depreciation, a type of expense, is included in the ________ category.Multiple Choiceinterestsellinggeneral and administrativeresearch and developmentretained

Costs such as rent, salaries, utilities, and insurance are known as Blank______.Multiple choice question.equityvariable costsaccounts receivableoperating expenses