The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. this is an example of a(n): deferral adjustment. accrual adjustment. closing adjustment. unethical adjustment.
The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment. A deferral payment happens after a payment or receipt occurs. The deferral allows someone to have something now but pay it off or towards it at a later date.
