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Expensing the purchase of wastepaper baskets that have a three-year estimated useful life at the date of acquisition is a permissible procedure according to the

Expensing the purchase of wastepaper baskets that have a three-year estimated useful life at the date of acquisition is a permissible procedure according to the constraint of

a. materiality.

b. timeliness.

c. faithful representation.

d. predictive value.

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