When faced with uncertainty there is a need to exercise prudence. Which of the following would be excessive use of prudence?

Extracted text: When faced with uncertainty there is a need to exercise prudence. Which of the following would be excessive use of prudence?


Extracted text: A. future repairs to non current assets are accounted for at the point the asset is acquired B. depreciation is accounted for estimating the useful economic life of non current assets C. non recoverability of trade receivables is accounted for based on past experience D. accrued expenses are accounted for though the related invoices are yet to be received.