Dan Crater opened a software consulting firm that immediately paid​ $28,000 for a computer system. Was​ Crater's computer system an expense of the​ business? If​ not, explain

Respuesta :

Answer: No. Crater's computer system was not an expense of the​ business

Explanation:

Based on the information given in the question, we can see that Crater's payment system cannot considered to be as not an expense.

Crater's payment for the computer was not an expense. We should note that this is an asset for the business.

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