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Which of the following accounting principles requires depreciation? (Points : 1) The revenue recognition principle The matching principle The reliability principle
The entity concept
The matching principle required depreciation.
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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|



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Asked 2/16/2013 11:52:47 AM
Updated 2/17/2013 7:24:01 AM
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The matching principle required depreciation.
Added 2/16/2013 12:07:43 PM
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thank You weegy for your answer
Added 2/17/2013 7:24:01 AM
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