For each of the following, indicate whether the cost would typically be considered a product or period cost for the cost object given.
-Depreciation on store equipment
A)Product
B)Period

Question

Quizplus · Accepted Answer

Depreciation on store equipment is considered a period cost because it is not directly related to the production of a specific product. It is a cost that is incurred over a period of time and is generally included in the selling, general, and administrative expenses.

For Each of the Following, Indicate Whether the Cost Would