Question: Antonia's Pizza is being liquidated (closed down) because it sustained losses for many years. It continue to amortize (depreciate) it assets and prepare financial statements

Antonia's Pizza is being liquidated (closed down) because it sustained losses for many years. It continue to amortize (depreciate) it assets and prepare financial statements on the cost basis. Which is violated?

Options:

 

Going concern assumption

 

Cost principle

 

Business entity concept

 

Matching principle

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