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A household goods manufacturer has used double-declining balance depreciation for all of its buildings and machines since the business's inception. The company has purchased new
A household goods manufacturer has used double-declining balance depreciation for all of its buildings and machines since the business's inception. The company has purchased new machinery and decides it would like to change all of its fixed assets to be depreciated using straight-line depreciation. Without a valid reason for the change in depreciation method, this would be a violation of which accounting principle? Historical Cost Reliability Materiality Consistency
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