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Question
Complete the following work sheet:
The ______ concept states that if straight line method of depreciation is used in one year, then it should also be used in the next year
Fill in the Blanks
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Solution
The consistency concept states that if straight line method of depreciation is used in one year, then it should also be used in the next year
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Chapter 2: Theory Base of Accounting - Questions for practice [Page 43]
