Question

explain the qualitative characteristic of accounting verifiability​

Answer 1

Explanation:

Verifiability is the extent to which information is reproducible given the same data and assumptions. For example, if a company owns equipment worth $1,000 and told an accountant the purchase cost, salvage value. ... The value depends on how long the company expects to use the asset and how hard the asset is used.

Answer 2

Answer:

Verifiability is the extent to which information is reproducible given the same data and assumptions. For example, if a company owns equipment worth $1,000 and told an accountant the purchase cost, salvage value. ... The value depends on how long the company expects to use the asset and how hard the asset is used.

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