Question $4(1$ point$)$

Abe Cox is the sole owner and manager of Cox Auto Repair Shop. Last month, Cox purchased a new automobile for personal use and continued to use an old truck in the business. Which of the following fundamentals prevents Cox from recording the cost of the new automobile as an asset to the business?

Business entity assumption $($or separate$-$entity assumption$).$

Historical cost principle.

Revenue or matching principle.