Which of the Following Accounting Principles Requires Depreciation

question 117

Multiple Choice

Which of the following accounting principles requires depreciation?

• A) The revenue recognition principle
• B) The matching principle
• C) The reliability principle
• D) The entity concept

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Definitions:

Arms Sales

The business of selling weaponry and military equipment to countries or organizations.

Pay Cash

A method of payment where physical money is used to settle the cost of goods or services at the time of purchase, avoiding the use of credit or digital transactions.

Amphibious Assault

A military operation that involves the use of naval ships to project ground and air power onto a hostile or potentially hostile shore at a designated landing beach.

U-Boats

Submarines used primarily by Germany, especially during World War I and World War II, for naval blockade and warfare.