Question

Machinery includes purchase of machinery what is effects

Answer 1

Answer:

In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment,machinery etc..

Explanation:

Operating expenses are expenses incurred during the course of regular business, such as general and administrative expenses, research and development, and the cost of goods sold. ... If equipment is leased instead of purchased, it is typically considered anoperating expense

What are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic.