Suppose you own a company that delivers newspapers. The company owns two trucks that are used for delivering the papers. You have decided that you need a new car for mainly personal purposes, but you want the company to buy it for you. Is this appropriate? Name the assumption that must be considered.

If the car is not going to be used for business purposes, the car should be the $$ The $$ means that assets of the business $$ be mixed with the assets of the owner to ensure that the results of the business can be identified and analyzed accurately.