Recording depreciation each period is necessary in accordance with the

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Quizplus · Accepted Answer

Recording depreciation each period is necessary in accordance with the expense recognition principle, which states that expenses should be recognized in the same period as the related revenue. Depreciation is an expense that is related to the use of an asset over its useful life, so it should be recognized over the same period. The going concern principle, cost principle, and asset valuation principle do not directly relate to the recording of depreciation.

Recording Depreciation Each Period Is Necessary in Accordance with the