When Assets Are Recorded at Original Value,they Are Recorded Under

question 34

Multiple Choice

When assets are recorded at original value,they are recorded under the

• A) historical cost principle.
• B) original principle.
• C) current principle.
• D) value principle.

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Definitions:

Brainstem

The brainstem is the structure located at the base of the brain that connects the cerebrum with the spinal cord, and is responsible for controlling vital life functions such as breathing, heart rate, and blood pressure.

Optic Nerve

The cranial nerve that transmits visual information from the retina to the brain.

Facial Nerve

The seventh cranial nerve that controls the muscles of facial expression, taste sensation on two-thirds of the tongue, and the production of saliva and tears.

Trigeminal Nerve

A cranial nerve responsible for sensory information from the face and motor functions such as biting and chewing.