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:

Extraocular Muscles

The six muscles that surround the eyeball and control its movements.

Granuloma

A small area of inflammation in tissue, often caused by infection or an immune response to foreign substances.

Xeroderma

Xeroderma is a medical condition characterized by excessively dry skin, often due to decreased production of natural oils and moisture.

Bilateral Aphakia

The absence of the lens in both eyes, which can occur naturally or through surgical removal.