In a merchandising business, cost of good sold: Select one: a. represents the company's cost of inventory that has been sold to customers b. is usually higher than sales revenue c. increases gross profit when sales are steady d. should not exceed the total of all operating expenses At the end of an asset's useful life, the balance in Accumulated Depreciation will always: Select one: a. equal the original cost of the asset b. be a different amount, depending on the depreciation method used c. be equal to the original cost of the asset, less its residual value d. be a lesser amount under double-declining-balance depreciation than under units-of-production depreciation Clear my choice