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  1. business
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  3. c. increases assets and liabilities. d. has no e

c. increases assets and liabilities. d. has no effect on the basic accounting...

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Accounting

c. increases assets and liabilities.
d. has no effect on the basic accounting equation.
9. On April 1,2022, Propel Corporation paid $48,000 cash for equipment that will be used in business operations. Th equipment will be used for four years. Propel records deprecia-tion expense of $48,000 for the calendar year endi December 31,2022. Which account-ing principle has been violated?
a. Depreciation principle.
c. Cash principle.
b. No principle has been violated.
d. Expense recognition principle
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