What is the rationale underlying the appropriateness of

Reference no: EM13584381

1. Explain the rationale for recognizing costs as expenses at the time of product sale.
2. What is the rationale underlying the appropriateness of treating costs as expenses of a period instead of assigning the sosts to an asset?
3. Some expenses are assigned are assigned to specific accounting periods on the basis of systematic and rational allocation of asset cost. Explain the reason.

Reference no: EM13584381

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