QUESTION $7$

Depreciation expense is a$($ n

QUESTION 7 Depreciation expense is a(n) O estimated O known QUESTION 8 amount The adjusting entry for depreciation expense is an application of the O cost O matching C) historical QUESTION 9 During the year, equipment was sold for Sl ,OOO less than C) acquisition cost O market value O book value QUESTION 10 principle. On a multi-step income statement, depreciation expense is reported as ant! C) operating expense O non-operating expense