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    Smith Grame
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    Once upon a time, expenses were considered assets because businesses viewed them as investments that would eventually generate returns. For example, buying equipment was initially an expense but was expected to increase productivity or sales. Similarly, advertising, research and development, and employee training were seen as assets because they would benefit the company in the future.

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    Once upon a time, expenses were considered assets because businesses viewed them as investments that would eventually generate returns. For example, buying equipment was initially an expense but was expected to increase productivity or sales. Similarly, advertising, research and development, and employee training were seen as assets because they would benefit the company in the future.

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    © All Rights Reserved
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    17 views1 page

    Accounting

    Uploaded by

    Smith Grame
    Once upon a time, expenses were considered assets because businesses viewed them as investments that would eventually generate returns. For example, buying equipment was initially an expense but was expected to increase productivity or sales. Similarly, advertising, research and development, and employee training were seen as assets because they would benefit the company in the future.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Once a Expense was an Asset?

    Written by Abubakar

    Yes, once upon a time, an expense was considered an asset. Expenses were thought of as
    investments that would eventually lead to a return. For example, a business might buy a piece
    of equipment for its operations, which would be an expense initially, but could be expected to
    generate a return through increased productivity or sales. Similarly, expenses such as
    advertising, research and development, and employee training were seen as assets that
    would eventually lead to a benefit for the company.

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