With Respect to Depreciation Policies, the Principle of Consistency Means

question 17

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 PPE asset.
• D) A company should use the same depreciation method in computing depreciation expense on all its assets.

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