Recording Land at Its Cost Rather Than Its Appraisal Value

question 50

Multiple Choice

Recording land at its cost rather than its appraisal value illustrates

• A) the full disclosure principle.
• B) the cost basis principle.
• C) the realization principle.
• D) the matching principle.

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Definitions:

Dimensional-analysis

A method in physics and engineering to check or determine the relationship between different kinds of physical quantities by identifying their dimensions of measurements.

Circuits

Electrical pathways through which electric current flows.

Mile

A unit of distance equal to 5,280 feet or approximately 1,609 meters.

Dimensional Analysis

A mathematical technique used to convert units of measurement.