What accounting principle justifies depreciating certain long-term assets?
A) the revenue principle
B) the depreciation principle
C) the cost-based principle
D) the matching principle
Correct Answer:
Verified
Q104: On May 1,Counts,Inc.has a balance of $1,000
Q105: If a company buys an asset that
Q106: On January 1,2011,Swinger,Inc.purchases a batting machine for
Q107: On May 1,Counts,Inc.has a balance of $1,000
Q108: On January 1,2011,Swinger,Inc.purchases a batting machine for
Q110: The dollar amount shown on the balance
Q111: On January 1,2011,Beyers Company pays $205,000 cash
Q112: On January 1,2011,Swinger,Inc.purchases a batting machine for
Q113: On January 1,2011,Beyers Company pays $205,000 cash
Q114: On May 1,Counts,Inc.has a balance of $1,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents