Recording Depreciation Each Period Is Necessary in Accordance with the

question 279

Multiple Choice

Recording depreciation each period is necessary in accordance with the

• A) going concern principle.
• B) cost principle.
• C) expense recognition principle.
• D) asset valuation principle.

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Definitions:

Intentional Tort

A category of torts that describes a civil wrong resulting from an intentional act on the part of the tortfeasor (the person who commits the tort).

Tort

A civil wrong that causes a claimant to suffer loss or harm, leading to legal liability for the person who commits the tortious act.

False Imprisonment

The act of restraining a person's freedom of movement without legal authority, justification, or the individual's consent.

Probable Cause

Probable cause is a legal standard that requires a reasonable basis for believing that a crime has been committed or that certain property is connected with a crime, used as a criterion for lawful search and arrest.