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