Low Immaterial-Cost Items That Will Benefit Several Accounting Periods

question 1

Multiple Choice

Low immaterial-cost items that will benefit several accounting periods:

• A)are recorded as an asset and depreciated over their useful life
• B)are recorded as expenses instead of assets,as they are not material amounts
• C)are matched with income over several accounting periods
• D)are added to the overall cost of property,plant and equipment

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