In the lesson reading, Daryna explains that a photocopier and a box of pens should never appear in the same budget line. This is because they belong to different accounting categories. Which statement best reflects this distinction?

Question

Accepted Answer

Supplies are expensed immediately, while equipment is capitalized and depreciated.

Answer

Both supplies and equipment are depreciated over three years.

Answer

Supplies are capitalized, while equipment is expensed in the year of purchase.

Answer

Both supplies and equipment are recorded in the asset register.

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In the lesson reading, Daryna explains that a photocopier and a box of pens shou...

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