of 28 2 Marks Which of the following is NOT a good example of the matching principle? a. A machine that produces goods is depreciated over its useful life. The depreciation expense is matched with the proceeds from the sale of those goods Ob. The amount paid for a two-year insurance premium is expensed when paid OG Uncollectible receivables are expensed in the year the sale is made. od. Recognition of revenue for which associated expenses cannot yet be determined is delayed until such determination can be made. Unsure 10 of 28 Marks If an asset is to be classified as held for sale, which of the following conditions does NOT apply? O a. The sale has been authorized by the company's management Ob. It is probable that the asset will be sold within one year. OC. There is an active program to find a buyer. Od. The asset will be ready for sale will in the next year Unsure