Why accrue an expense? Select one: a. Expenses are accrued so that they are recorded in the period in which they were consumed. b. Expenses are accrued so that they are adjusted in the period in which they were consumed. c. Expenses are accrued so that they are created in the period in which they were consumed. Why depreciate a fixed asset? Select one: a. Fixed assets must be depreciated over their useful life to match costs with revenues. b. Fixed assets must be depreciated over the last ten years to match costs with revenues. c. Fixed assets must be depreciated over the last five years to match costs with revenues. Why defer an expense? Select one: a. Expenses are deferred so that they are recorded in the period in which they were consumed. b. Expenses are deferred so that they are created in the period in which they were consumed. c. Expenses are deferred so that they are adjusted in the period in which they were consumed