Assets that aren’t expected to provide benefits for a number of accounting periods are called
A. current assets.
C. long-term assets.
D. property, plant, and equipment.

Which of the following would cause a contra-asset to be credited and an expense debited?
A. Recording an accrued expense
B. Recording the consumption of supplies
C. Recording the building depreciation

Question

Assets that aren’t expected to provide benefits for a number of accounting periods are called
  A. current assets. 		
  C. long-term assets. 	
  D. property, plant, and equipment.

Which of the following would cause a contra-asset to be credited and an expense debited?
  A. Recording an accrued expense 	
  B. Recording the consumption of supplies 	
  C. Recording the building depreciation

anonymous · Answer

A. i think for the first one
and for the second one, I honestly have no idea :/

anonymous · Answer

thank you