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2. An Omani company located in Muscat has a factory building that originally cost the company OMR 250,000. The current fair value of the factory

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2. An Omani company located in Muscat has a factory building that originally cost the company OMR 250,000. The current fair value of the factory building is OMR 450,000. The Manager would like to report the difference as a gain. The write-up would represent a violation of which accounting assumption or principle. 1 marks)

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