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What are depreciation and amortization - SS1 Accounting Adjustments In Profit And Loss Account Question

What are depreciation and amortization?

A

Adjustments made to recognize revenue or expenses that have already been recorded

B

Adjustments made to recognize revenue or expenses that have not been recorded yet

C

Adjustments made to allocate the cost of assets over their useful lives

D

Adjustments made to recognize changes in the value of inventory

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Correct Option: C
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