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equipment rental expense

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The expense incurred during the time interval indicated on the income statement for using rented equipment.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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