Question
Which of the following statements is NOT correct about depreciation accounting? A. Depreciation is not based on the decline in fair market value of the
Which of the following statements is NOT correct about depreciation accounting?
A. Depreciation is not based on the decline in fair market value of the asset
B. Depreciation is a means of cost allocation
C. Depreciation is consistent with the matching principle between revenues and expenses
D. Depreciation is a matter of valuation
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
