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

Accounting for non-current assets — practice question

Which accounting concepts are used in depreciating non-current assets? 1 the consistency concept 2 the matching/accruals concept 3 the objectivity concept 4 the prudence concept

  • A1 and 2 only
  • B1 and 3
  • C1, 2 and 4
  • D2, 3 and 4

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