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Business, 01.12.2021 01:00 2000000000000005

The cost of using a long-term asset (such as a vehicle) that will be used in a business for several years is spread over the asset's useful life. Its annual allocated cost appears on the income statement as a(n) expense.

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The cost of using a long-term asset (such as a vehicle) that will be used in a business for several...
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