Which of the Following Requires Businesses to Record Depreciation

question 194

Multiple Choice

Which of the following requires businesses to record depreciation?

• A) revenue recognition principle
• B) matching principle
• C) cost principle
• D) going concern principle

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Definitions:

Adequate

Adequate describes a condition or quality of being sufficient, acceptable, or satisfactory for a specific requirement or purpose.

Explanandum

The phenomenon or event that is to be explained in a scientific inquiry.

Uninformative

Providing no useful or relevant information.

Implausible

Not seeming reasonable or probable; failing to convince.