Multiple Choice
An accountant charged the Repairs Expense account for a tool that cost $12.The tool had an estimated useful life of 5 years;however,the accountant did not choose to depreciate it.The modifying constraint that the accountant followed was
A) materiality.
B) objectivity.
C) conservatism.
D) industry practice.
Correct Answer:
Verified
Correct Answer:
Verified
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