A firm's accounting policy is to immediately expense the cost of metal wastebaskets it purchases for use by its employees at their desks. The total cost of wastebaskets in any year is $$1,000$ and the firm has $$6$ billion in total assets. The firm expects the wastebaskets to last indefinitely. The firm:

A$.$ is violating GAAP.

$B.$ is invoking the materiality concept.

is invoking the conservatism constraint.

E$.$ Nolating the relevance principle.