Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

A business charges depreciation on its non-current assets. It then records them in the statement of financial position at net book value. Which accounting concept is the business applying?

  • Aduality
  • Bprudence
  • Crealisation
  • Dsubstance over form

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