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On April 1, 2025, Acme Corporation paid $48,000 cash for equipment that will be used in business operations. The equipment will be used for four

On April 1, 2025, Acme Corporation paid $48,000 cash for equipment that will be used in business operations. The equipment will be used for four years. Acme records a depreciation expense of $48,000 for the calendar year ending December 31, 2025. Which accounting principle has been violated?

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