Which of the following accounting principles best justifies accelerated depreciation accounting?
A)Materiality
B)Matching
C)Full disclosure
D)Consistency

Question

Quizplus · Accepted Answer

The matching principle requires that expenses be recognized in the same period as the related revenue. By using accelerated depreciation, more depreciation expense is recognized in the early years of an asset's useful life, which matches the higher level of revenue the asset generates in those years.

Which of the Following Accounting Principles Best Justifies Accelerated Depreciation