Concept:Materiality means only transactions of significant value must be treated as assets; insignificant items are expensed immediately.Explanation:Kitchen cutlery has a low value even though it may last more than one year.Capitalising such a small item is not useful or necessary for accurate financial reporting.Under the materiality concept, trivial amounts are written off as expenses in the year they occur.This is similar to treating the cost of a stapler as an expense instead of an asset.Therefore, the concept that justifies expensing kitchen cutlery is materiality.Answer:A. Materiality