_____ is the money spent to purchase assets that appear on an organization's balance sheet and are depreciated over the life of the asset.
A)Proceeds
B)Capital
C)Liability
D)Cross-charge

Question

Quizplus · Accepted Answer

Capital refers to the money spent by an organization to purchase assets that appear on its balance sheet and are depreciated over the life of the asset. Proceeds refer to the money received as a result of selling assets or securities. Liability refers to the organization's financial obligations or debts. Cross-charge refers to the transfer of costs or expenses from one department or project to another within the same organization.

_____ Is the Money Spent to Purchase Assets That Appear