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Formis Inc estimates the useful life of each asset purchased and depreciates the asset over the useful life. This GAAP is known as? A. Monetrary
Formis Inc estimates the useful life of each asset purchased and depreciates the asset over the useful life. This GAAP is known as?
A. Monetrary concept B. Economic Entity C. Going Concern D. Matching E. None of the above At first i figured this is matching but the way the question is phrased it doesnt describe the period the depreciation is matched over..so perhaps it is just E. none of the above??
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