Question: company a buys a sofa at a store going out of business for $2,000. the sofa would cost $3,000 elsewhere. suppose later the price of

company a buys a sofa at a store going out of business for $2,000. the sofa would cost $3,000 elsewhere. suppose later the price of the sofa rises to $3,500. based on the cost principle, the amount of the sofa in company a's accounting books is

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