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If a company bought something for $ 2 0 0 , 0 0 0 and five years later it had a market value of $

If a company bought something for $200,000 and five years later it had a market value of
$500,000, the historical cost principle would dictate the amount would generally be
reported on the financial statements at:
Select one:
a. $200,000
b. $300,000
c. $700,000
d. $500,000
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