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X Company has a factory building that originally cost the company $300,000. The current fair value of the factory building is $700,000. The president would

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X Company has a factory building that originally cost the company $300,000. The current fair value of the factory building is $700,000. The president would like to report the difference as again. The write-up would represent a violation of which accounting assumption or ?principle a Revenue recognition Historical cost bo Going concem Monetary unit .de

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