Although a Stapler That Costs $15 Is a Long-Term Asset,it

question 136

True/False

Although a stapler that costs $15 is a long-term asset,it can be expensed because the amount is immaterial and will not affect anyone's decision making.

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Definitions:

Unique

Being the only one of its kind; without equal or equivalent in characteristic or importance.

Starbucks Coffee

An international coffee company and coffeehouse chain known for its specialty coffee drinks.

Geographic

Relating to geography, the study of the physical features of the earth and its atmosphere, and of human activity as it affects and is affected by these.

Low-Cost Strategy

A business approach aiming to offer products or services at the lowest price possible, typically by reducing expenses.