The matching principle requires that the cost of a new piece of equipment be recognized as an

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The matching principle requires that the cost of a new piece of equipment be recognized as an expense

a. in the period the equipment is purchased.

b. in the period cash is paid for the equipment.

c. over the estimated useful life of the equipment.

d. Never; the cost of equipment is not recognized as an expense.

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Financial Accounting The Impact On Decision Makers

ISBN: 9780324655230

6th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jun 05, 2024 01:04 AM

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The matching principle requires that the cost of a new piece of equipment be recognized as an

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Financial Accounting The Impact On Decision Makers

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