The Cervantes Company uses the same method of depreciation for its equipment in each fiscal period. This practice is an example of
A)materiality.
B)matching.
C)consistency.
D)conservatism.

Question

Quizplus · Accepted Answer

The fact that the company uses the same method of depreciation indicates that it follows a consistent approach towards depreciation, and considers consistency as an important accounting principle.

The Cervantes Company Uses the Same Method of Depreciation for Its