The Separate Entity Assumption Permits Businesses to Record Property and Equipment

question 60

True/False

The separate entity assumption permits businesses to record property and equipment as assets that will provide benefits in future periods.

---

Definitions:

Submissive

The tendency to yield to the authority or will of others, often at the expense of one's own preferences or desires.

Powerful

Having great power, influence, or effect; often used to describe entities or individuals capable of exerting force or authority over others.

Early Childhood Years

The period in a human's life from birth to the beginning of formal education, typically encompassing the first 5 to 8 years.

Biological Forces

Natural, innate factors that influence human behavior, health, and development, including genetics and physiology.