A company recognizes a loss as a result performing a lower-of-cost-or-market analysis of existing inventory, but does not recognize appreciation in the market value of inventory as a result such analyses.

Provide the letter corresponding to the SINGLE, PRIMARY assumption, principle, or qualitative characteristic that corresponds with the above statement

A. Periodicity assumption

B. Monetary unit assumption

C. Going concern assumption

D. Economic entity assumption

E. Full disclosure principle

F. Revenue recognition principle

G. Historical cost principle

H. Matching principle

I. Representational faithfulness

J. Comparability (incl. Consistency)

K. Relevance

L. Materiality

M. Conservatism