A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record the asset at $40,000. This is a violation of which accounting principle? A. RelevanceB. Historical costC. MaterialityD. Recognition
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Home » Business » A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record the asset at $40,000. This is a violation of which accounting principle? A. RelevanceB. Historical costC. MaterialityD.