Question-5 a. Depreciation is the method used to allocate the expense associated with a fixed asset to the periods in which the fixed asset generates an economic benefit (i.e., income) for the company. As such, depreciation most accurately reflects the application of which accounting principle? b. It is easy to compare a company's financial statements of this year with those of last year thanks to the application of which accounting principle (or quality aspect)? C. One of the customers of Best Records Itd. is almost bankrupt. Because of this, Best Records ltd. forms a provision for the debts of this customer. According to which accounting principle are they required to do so? Explain your