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What is Unexpired Cost?
12. What is Unexpired Cost?
- Any cost that has not yet been charged to the expense
- The amount of money a business must currently spend to replace an essential asset
- Maintaining an account tied to a certain asset
- The value of a company according to the stock market
Answer: A) Any cost that has not yet been charged to the expense
Explanation:
An unexpired cost is any expense that has not yet been charged to discount since it actually addresses some remaining worth. This cost is habitually connected with income that has not yet been perceived; under the matching rule, an unexpired expense is kept up with on the books as a resource until the related income is perceived, so, all things considered, the resource is charged to discount.