The Accounting Principle That Requires the Same Depreciation Method or Inventory

question 22

Multiple Choice

The accounting principle that requires the same depreciation method or inventory valuation method to be used over consecutive accounting periods is:

• A)conservatism.
• B)consistency.
• C)reliability.
• D)historical cost.

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Definitions:

Fibrillation

An uncoordinated twitching of the muscle fibers, particularly noted in the heart muscle.

Palpitation

A sensation in which a person is aware of an irregular, hard, or rapid heartbeat.

Cardiac Enzyme

Biomarkers measured to evaluate heart function, particularly in the diagnosis of a heart attack or myocardial infarction.

Myocardial Infarction

A medical condition characterized by the death of heart muscle due to the lack of blood supply, commonly known as a heart attack.