Which One of the Following Is True According to Generally

Multiple Choice

Which one of the following is true according to generally accepted accounting principles?

A) Depreciation is recorded based on the market value principle.
B) Income is recorded based on the realization principle.
C) Costs are recorded based on the realization principle.
D) Depreciation is recorded based on the recognition principle.
E) Costs of goods sold are recorded based on the recognition principle.