ACCOUNTING Check Your Knowledge: Chapters 5&6 Question 18 fof 20) 18. The entry to record deprecilation expense O decreases an asset and increases a contra asser O increases a contra asset and decreases net income. O decreases a contra esset and decreeses, net income O decreases working capinal and decreaces net income connect ACCOUNTING aeck Your Knowledge ampters 5&6 Question 19 jof 20) 19. Which of the following accounting concepts principles is most signiticant in the development of a capitalzaton pollcy? Consistency O Mateniality OMatching of revenue and expense. O Onginal Cost conect ACCOUNTING Check Your Knowledge Chapters 5&6 Question 20 fof 20 20. Which of the following statements best describes the process of accounting for O A process for recognizing the cost of an asset that should be matched against revenue eamed as e result of using tne esset Aprocess for setting aside casn sofunds wil be oveable to replace the asset O A process for recognizing all of the cost associated with uang an asset in a revene generang activity. O A process thet attempts to recognize loss in economic value over a period of sme El O Type here to search