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11. In 1996, a company entitled Ali Baba Incorporation purchased a building costs 1,000,000 after 10 years the building is depreciated about half of its

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11. In 1996, a company entitled Ali Baba Incorporation purchased a building costs 1,000,000 after 10 years the building is depreciated about half of its cost which is about 500,000. The CFO of the company suggests to management to revalue the building using market value approach which was valued about 6,000,000. If the CEO successfully managed to convince the management and auditor to report 6,000,000. This procedure in accounting framework is categorized under the principle. (1 Point) a. Historical Cost of Building in the assets section Reliability O c. Matching Principle Non of above

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