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Test Your Understanding Wayne Tate purchased a building for his grocery store for $30,000 in 2019. Based on inflation estimates, he has adjusted the amount of this asse in his accounting records. The building is now reported at $75,000. Which of the following concept of accounting is being violated? a. cost concept. b. unit of measure concept. c. business entity concept. d. accounting period concept. CP F6 F7 F8 FO F10 Fin & 5