When Calculating a Partial Year's Depreciation,the Length of Time an Asset

question 227

Multiple Choice

When calculating a partial year's depreciation,the length of time an asset has been owned usually is rounded to the nearest month.This rounding practice is justified by the principle or rule of

• A) matching.
• B) materiality.
• C) cost-benefit.
• D) conservatism.

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Definitions:

Inventories

Lists or collections of items, assets, or resources, often used for tracking and management purposes.

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