With Respect to Depreciation Policies,the Principle of Consistency Means

question 43

Multiple Choice

With respect to depreciation policies,the principle of consistency means:

• A)A company should use the same depreciation methods in its financial statements that it uses in its income tax returns.
• B)A company should use the same depreciation methods as other companies in the same industry.
• C)A company should use the same depreciation method from year to year for a given plant asset.
• D)A company should use the same depreciation method in computing depreciation expense on all its assets.

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