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Formis, Inc. estimates the useful life of each asset purchased and depreciates the asset over the useful life. The GAAP is known as: A. Monetary

Formis, Inc. estimates the useful life of each asset purchased and depreciates the asset over the useful life. The GAAP is known as:

A. Monetary concept B. Economic entity C. Going Concer D. Matching E. None

I orginally answered none to this question however I have seen answers saying Matching. In the text, the definition of Matching does not seem to correlate.

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