Time Left:0:16:45 Wannaree Prathumwan: Attempt 1 Ono, no Question 40 (1 point) Saved When should a cost be recorded as an asset rather than an expense? Never Always When future benefit exists If the amount is material Question 41 (3 points) Saved Transactions that affect cash do not necessarily affect net income. Ide effect, if any, that each of the follow transactions would have on NET Example: Purchased $130 of supplies for cash. Answer: $0 1. Recorded an adjusting entry to record use of $3,000 of supplies purchased four m 2. Made sales of $20,000 on account 3. Roboved $18,000 from customers in payment of their accounts 4. Purchased equipment for cash $100,000 5. flocordod depreciation of building for the month, 59.000 MacBook Air