Which of the following accounting principles best justifies accelerated depreciation accounting?
A) Materiality
B) Matching
C) Cost-benefit
D) Conservatism

Question

Quizplus · Accepted Answer

The matching principle requires that expenses be recognized in the same accounting period as the related revenues. Accelerated depreciation allows for a higher amount of depreciation expense in the early years of an asset's useful life, which matches the cost of the asset with the period in which it generates revenue.

Which of the Following Accounting Principles Best Justifies Accelerated Depreciation