The Rule of Consistency Does Not Require a Company to Use

question 72

True/False

The rule of consistency does not require a company to use the same method of depreciation from year to year for all assets.

---

Definitions:

Modified Leaves

Leaves that have evolved to serve functions other than photosynthesis, such as tendrils for climbing, spines for protection, or storage organs.

Spines

Hard, sharp outgrowths on an animal's body serving for protection or as part of a plant's defense mechanism; in botanical context, they are modified leaves, stipules, or parts of leaves.

Herbivores

Organisms that primarily eat plants, including leaves, fruits, and other plant parts.

Transpiration

The method through which water travels within plants from the roots to tiny openings on the bottom side of the leaves, at which point it transforms into vapor and gets emitted into the air.