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A cost might be an expense or it might be an asset. An expense is a cost that has expired or was necessary in order to earn revenues
cost usually used to obtain the assets that used to generate the revenues but expenses charges through the operation of getting the revenue it self
cost to be amortized over the assets life term
while expenses to be direct charged when it realized
costs has a long effect and balances transferable from period to another
Expenses is limited to the period incurred
Every cost is called an expense but not every expense is called cost...
Direct material is cost it must be an expense
Building is an asset it can be called an expense but can not called a cost