Depreciation expense is recorded each period to satisfy the matching principle.

In a residential community a husband and wife own rel property as joint tenants. Upon the death of one spouse the surviving spouse will hold title to the property as:

A. Community property. B. Severalty. C. Joint tenancy. D. Tenancy by the entirety.

Frank's Furniture Company promised in a written agreement to purchase as much walnut wood "as it desires" from Forestry Products, Inc If Frank's purchased walnut wood from another source and Forestry Products sued, what is the likely result?