The accounting concept that allows the cost of kitchen cutlery to be expensed , though it will be used for more than one year is

The accounting concept that allows the cost of kitchen cutlery to be expensed, even though it will be used for more than one year is materiality. Materiality concept refers to the principle that financial information should only include items that are significant or material enough to influence the decisions of users of the financial statements. In the case of kitchen cutlery, although they will be used for more than one year, their cost is not significant enough to impact the overall financial statements, and therefore can be expensed in the current year rather than being capitalized and depreciated over their useful life.