Identify each cost as a period cost or a product cost.
-Depreciation on the office equipment
A)Product cost
B)Period cost

Name: Identify each cost as a period cost or a product cost. -Depreciation on the office equipment A)Product cost B)Period cost
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Depreciation on office equipment is a period cost. This is because it is not directly associated with the production or manufacturing of products, but instead relates to the general operating expenses of the business.

Identify Each Cost as a Period Cost or a Product