Multiple Choice
When calculating a partial year's depreciation,the length of time an asset has been owned usually is rounded to the nearest month.This rounding practice is justified by the principle or rule of
A) matching.
B) materiality.
C) conservatism.
D) full disclosure.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: Which of the following assets is not
Q43: The exclusive right to publish and sell
Q44: Accelerated depreciation assumes all of the following
Q45: Depreciation should not be recorded for an
Q46: The cost of a natural resource is
Q48: When an intangible asset becomes worthless,<br>A)it should
Q49: The expensing of a long-lived asset such
Q50: Which of the following would be considered
Q51: In the calculation of free cash flow,dividends
Q52: When an asset is sold,a gain is