Dexter Company charges to expense all equipment that costs $25 or less. What concept supports this policy?

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Feb 01, 2013 07:05 AM

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Dexter Company charges to expense all equipment that costs $25 or less. What concept supports this policy?

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The materiality concept supports this policy Materiality relates to the consequence of transaction...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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