Concept:The materiality concept states that small or insignificant expenditures should be treated as expenses, not as assets.
Explanation:Materiality allows accountants to ignore strict asset recognition when the amount is too small to affect decisions.
Capitalizing such an amount would require recording it as an asset and depreciating it each year, which is impractical.
For example, the cost of a stapler or a waste bin is minor and is charged directly to expenses.
This treatment keeps financial statements simple and relevant.
The dual aspect, realization, and business entity concepts do not deal with insignificant amounts.
Only the materiality concept guides this kind of practical accounting decision.
Answer:C. Materiality concept