Question: Identify the generally accepted accounting concept principle, assumption, or constraint violated in the following situation: A company which expects to discontinue operations next month, records

Identify the generally accepted accounting concept principle, assumption, or constraint violated in the following situation: A company which expects to discontinue operations next month, records an equipment purchase as an increase in capital assets and plans to amortize the cost over the next ten years.

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How are they likely to change? Over what time horizon?

Is there the will and power to act?

Have we identified actionable first steps?