Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 35

For the following questions, circle the best response.

Depreciation on assets such as equipment and machinery is recorded because of the

a. cost principle.

b. matching principle.

c. unit of measurement assumption.

d. conservatism constraint.

e. going concern concept.

Step 1 of 2

The correct answer is option b.