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Which of the following correctly describes the accounting for factory depreciation? Factory depreciation is a period cost and is expensed as incurred. Factory depreciation is

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Which of the following correctly describes the accounting for factory depreciation? Factory depreciation is a period cost and is expensed as incurred. Factory depreciation is a period cost and is expensed when the manufactured product is sold. Factory depreciation is a product cost and is expensed as incurred. Factory depreciation is a product cost and is expensed when the manufactured product is sold

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