Given: Accounting concepts and principles Business Entity Concept, Going Concern Concept, Monetary Concept, Time Interval Concept, Conservatism Concept, Materiality Concept, Objectivity Principle, Accruals Concept, Matching Principle, Consistency Principle, Full-Disclosure Principle, Understandability Concept, For each of the following (1 to 10), give the accounting concept or principle that is best described: (1 & 2) A company has traditionally depreciated its furniture and equipment using the straight-line method. This year it has used the declining balance method without advising its financial statement readers of this change. As a result, it is violating both the principle and the - principle. (3) 20 per cent of the cost of vehicles was written off as depreciation. (4) An item of stock costing $60,000 was written down to its realizable value of $35,000. (5) School fees paid to the proprietor's son was debited to the Drawings account. (6) $2,500 paid for a photocopying machine was written off (instead of being capitalized). (7) Assets like inventory are valued in dollars, not units, for the financial statements.. (8) The cost of stock in hand at the year end was determined, as usual, on a FIFO basis. (9) Company reports revenue when it is earned instead of when the cash is collected. (10) Assets will normally be recorded at their historical cost in balance sheet.. Required Identify the name of the concept or principle for the above events