When Calculating a Partial Year's Depreciation,the Length of Time an Asset

question 47

Multiple Choice

When calculating a partial year's depreciation,the length of time an asset has been owned usually is rounded to the nearest month.This rounding practice is justified by the principle or rule of

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

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Definitions:

Impact Investing

Investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.

Environmental Return

The ecological benefits or positive environmental impacts resulting from conservation activities or sustainable practices.

Financial Data

Quantitative information about monetary transactions, including revenues, expenses, assets, and liabilities, used for analysis and decision-making.

Measurable Factors

Quantifiable elements or variables that can be used to gauge progress, performance, or success in achieving objectives.