expired cost

expired cost definition - business

expired cost

An expense incurred during a period when benefits were received. For example, depreciation expense for an asset used in the production process expires when goods are sold. Compare unexpired cost.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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