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Current Attempt in Progress

Crane Company purchased land in $2013$ for $$299000.$ In $2022,$ it purchased a nearly identical parcel of land for $$463000.$ In its $2022$ balance sheet, Crane valued these two parcels of land at a combined value of $$926000.$ By reporting the land in this manner, Crane Co$.$ has violated the

economic entity assumption

convergence

historical cost pringingle

monetary unit assumption

Attempts: $0$ of $1$ used