On April 1,2022, Wong Corporation paid $50,000 cash for equipment that will be used in...
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Accounting
On April Wong Corporation paid $ cash for equipment that will be used in business operations. The equipment will be used for four years. The company records depreciation expense of $ for the calendar year ending December Which accounting principle has been violated?
Select answer from the options below
cash principle
expense recognition principle
no principle has been violated
depreciation principle
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