MBA51 - Financial Management & Accounting Home > My courses > MBAS1 > Extaon MBA51 - Financial Management & Accounting > Multiple Choice Questions Question 7 Not yet answered Marked out of 1.00 Flag question In depreciating the cost of a long-term asset, firms are mainly concerned with: Select one: O a. Recognizing expense in the appropriate accounting period. b. Full disclosure. O Reporting the fair value of the asset O d. Recognizing revenues in the appropriate accounting period. oe. Reporting net realizable value of the asset. Previous page Next page N 20 NEN W