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A company that purchases large quantities of inexpensive tools each year can elect to expense them (even if they are used for multiple years and
A company that purchases large quantities of inexpensive tools each year can elect to expense them (even if they are used for multiple years and therefore would normally be capitalized) if the cost of recording and tracking the depreciation would outweigh the benefit. The constraint that would allow this deviation from accounting principles is called the Blank______ constraint. Multiple choice question. conservatism industry practice cost-benefit test
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