Required information Exercise 4.14 Accounting Principles (L04-1, LO4-2, L04-3, L04-4, L04-5, L04-6, L04-7, LO4-8) The following information applies to the questions displayed below For each of the following situations described, indicate the underlying accounting principle that is being violated Choose from the following principles Machine Cost Objectivity Materiality Realization If you do not believe that the practice violates any of these principles, answer "None" Exercise 4.14 Parta The bookkeeper of a large metropolitan auto dealership depreciates the 5720 cost of metal wastebaskets over a period of 10 years Mule Choice None Match Required information Exercise 4.14 Accounting Principles (L04-1, LO4-2, LO4-3, L04-4, L04-5, L04-6, LO4-7, LO4-8) The following information applies to the questions displayed below.) For each of the following situations described, indicate the underlying accounting principle that is being violated. Choose from the following principles Matching Cost Objectivity Materiality Realization If you do not believe that the practice violates any of these principles, answer "None" Exercise 4.14 Part c. Palm Beach Hotel recognizes room rental revenue on the date that a reservation is received. For the winter season, ma guests make reservations as much as a year in advance. Multiple Choice