A Practical Decision to Expense a $120 Printer Rather Than

question 110

Multiple Choice

A practical decision to expense a $120 printer rather than record it as property,plant,and equipment and depreciate it probably is made on the basis of the convention of

• A)conservatism.
• B)consistency.
• C)materiality.
• D)full disclosure.

---

Definitions:

Negligent

Failing to take proper care in doing something, leading to damage or injury to others.

Intended Harm

Intended harm refers to injuries or damages that were willfully caused by an individual’s actions, with the knowledge and purpose of causing harm.

Strict Liability

A legal doctrine that holds an individual or entity responsible for damages or harm caused, regardless of negligence or intent.

Superseding Event

An unforeseeable event that interrupts the chain of causation and relieves all parties of liability.