What accounting principle justifies charging the $75 cost of PPE immediately to an expense account?

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 12, 2019 01:08 PM

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What accounting principle justifies charging the $75 cost of PPE immediately to an expense account?

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Because the 75 cost of the plant and ...View the full answer

Fundamental Accounting Principles Volume I

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