Ordinary Repairs vs. Capital Improvements Video Lessons

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Problem: A company that has a policy of recording the cost of all long-lived assets with a cost of $500 or less as current-period expenditures is using the a. materiality constraint. b. matching principle. c. continuity assumption. d. cost principle.

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Problem Details

A company that has a policy of recording the cost of all long-lived assets with a cost of $500 or less as current-period expenditures is using the

a. materiality constraint.

b. matching principle.

c. continuity assumption.

d. cost principle.

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