20. The George Washington Company acquired a building for $500,000. George Washington had an appraisal done, and found that the building was easily worth $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require George Washington Company to record the building on its records at $500,000? A) Monetary unit principle B) Going-concern principle C) Cost principle D) Business entity principle E) Revenue recognition principle