A large international corporation immediately expenses the $50 cost of a small item of office equipment. This is an example of:

Name: A large international corporation immediately expenses the $50 cost of a small item of office equipment. This is an example of:
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Quizplus · Accepted Answer

This is an example of materiality, which means that small items with low value are expensed immediately instead of being recorded as an asset and depreciated over time. This is done to avoid the cost and effort of tracking these small expenses.

A Large International Corporation Immediately Expenses the $50 Cost of a Small