In the context of business products, which of the following is true of major equipment?
a. Major equipment is charged as an expense in the year it is purchased.
b. Local distributors and wholesalers play a major role in marketing major equipment.
c. Local distributors and wholesalers play a major role in marketing major equipment.
d. Major equipment is depreciated over time over its useful life.
Answer: d. Major equipment is depreciated over time over its useful life.