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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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A person who scored low on the Maximization Scale has what characteristic compared to a person who scored high? (Points : 1) The person is more likely to satisfice. The person is more likely to experience regret after making a choice. The person is more likely to use an extensive expected utility analysis in making a choice. The person makes a better choice.
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