Question: On April 1 , 2 0 2 2 , Swifty Corporation paid $ 3 5 5 0 0 cash for equipment that will be used

On April 1,2022, Swifty Corporation paid $35500 cash for equipment that will be used in business
operations. The equipment will be used for four years. Swifty's records depreciation expense of $35500 for
the calendar year ending December 31,2022. Which accounting principle has been violated?
No principle has been violated.
Expense recognition principle.
Cash principle.
Depreciation principle.
On April 1,2022, Swifty Corporation paid $35500 cash for equipment that

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