On April 1, 2025, Acme Corporation paid $48,000 cash for equipment that will be used in business operations. The equipment will be used for four years. Acme records a depreciation expense of $48,000 for the calendar year ending December 31, 2025. Which accounting principle has been violated?

Answer rating: 100% (QA)

The accounting principle that has been violated in this scenario is the Matching Principle The Match... View the full answer