A company expensing a $20 wastebasket in the year it is acquired instead of depreciating it over

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A company expensing a $20 wastebasket in the year it is acquired instead of depreciating it over its useful life of 10 years is an example of:

a. Full disclosure principle

b. Materiality principle

c. Going concern principle

d. Accounting entity principle

e. Cost principle

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Posted Date: Feb 26, 2022 01:29 AM

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A company expensing a $20 wastebasket in the year it is acquired instead of depreciating it over

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Answer b Materiality principle A classic ... View the full answer

Intermediate Accounting

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