Which of the following states that the business should use the same accounting methods from period to period?
A) materiality concept
B) consistency principle
C) conservatism
D) disclosure principle
B
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The Samuel Company uses the straight-line method to depreciate its equipment. On May 1, 2015, the company purchased some equipment for $224,000. The equipment is estimated to have a useful life of ten years and a salvage value of $20,000. On December 31, 2015, how much depreciation expense should Samuel record for the equipment in the adjusting entry?
A) $20,400 B) $18,500 C) $13,600 D) $8,500
What is the underlying theory to the three time estimates approach? What data distribution should be applied in this case and what confidence should a project manager place in the calculations associated with this technique?
What will be an ideal response?
If you have a significant amount of assets, most financial planners recommend the following automobile liability insurance limits
A) 50/100/25 B) 100/300/100 C) 250/500/100 D) 500/1,000/250
When the implementation is successfully completed, _______ needs to authorize the system for operational use
What will be an ideal response?