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Question 7 0 / 1 pts A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record

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Question 7 0 / 1 pts A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company decided to record the asset at $40,000. This is a violation of which accounting principle? Relevance ver Historical cost Materiality Recognition

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