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Current Attempt in Progress On April 1, 2025, Splish Brothers Inc. paid $56600 cash for equipment that will be used in business operations. The
Current Attempt in Progress On April 1, 2025, Splish Brothers Inc. paid $56600 cash for equipment that will be used in business operations. The equipment will be used for four years. Splish Brothers's records depreciation expense of $56600 for the calendar year ending December 31, 2025. Which accounting principle has been violated? O No principle has been violated. O Expense recognition principle. O Cash principle. O Depreciation principle.
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