Notice: Payments for answers will end 4/10/2017. Click for more info.
Question and answer
Q: Which of the following accounting principles requires depreciation? (Points : 1) The revenue recognition principle The matching principle The reliability principle
The entity concept
A: The matching principle required depreciation.
Get an answer
Original conversation
User: Which of the following accounting principles requires depreciation? (Points : 1) The revenue recognition principle The matching principle The reliability principle The entity concept

Weegy: The Revenue Recognition Principle states that revenue should be recorded only when the revenue generation process has been substantially completed, and an exchange has taken place. [ [ It is a restatement of the old maxim: "Don't count your chickens until they are hatched." ] ]
Expert answered|hlvsmily|Points 10|



Question|Rated good
Asked 2/16/2013 11:52:47 AM
Updated 2/17/2013 7:24:01 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
3
The matching principle required depreciation.
Added 2/16/2013 12:07:43 PM
This answer has been added to the Weegy Knowledgebase
Comments
thank You weegy for your answer
Added 2/17/2013 7:24:01 AM
Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following accounting methods is the method used to compute depletion? (Points : 1) Straight-line Declining-balance Units-of-production First-in, first-out
Weegy: Which of the following accounting methods is the method used to compute depletion? Straight-line (More)
Question
Expert Answered
Updated 2/16/2013 12:41:45 PM
1 Answer/Comment
Units of production is the method used to compute depletion.
Added 2/16/2013 12:41:45 PM
This answer has been added to the Weegy Knowledgebase
A plant asset is fully depreciated when the book value is: (Points : 1) greater than the salvage value. greater than the market value equal to the salvage value. equal to the market value
Weegy: A plant asset is fully depreciated when the book value is equal to the market value (More)
Question
Expert Answered
Updated 2/16/2013 12:44:53 PM
1 Answer/Comment
A plant asset is fully depreciated when the book value is equal to the salvage value.
Added 2/16/2013 12:44:53 PM
This answer has been added to the Weegy Knowledgebase
Which of the following items should be depleted? (Points : 1) Intangible property Land Natural resources Tangible property, plant, and equipment, other than land
Question
Expert Answered
Updated 2/16/2013 12:43:14 PM
1 Answer/Comment
Natural resources should be depleted.
Added 2/16/2013 12:43:14 PM
This answer has been added to the Weegy Knowledgebase
27,403,183 questions answered
Weegy Stuff
S
P
Points 114 [Total 765] Ratings 0 Comments 114 Invitations 0 Offline
S
P
P
L
P
P
Points 55 [Total 1723] Ratings 0 Comments 55 Invitations 0 Offline
S
Points 21 [Total 21] Ratings 2 Comments 1 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 3 [Total 14] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.