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What assumption does NOT underlie the historic cost principle? It takes into account barter and...

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Accounting

What assumption does NOT underlie the historic cost principle?

It takes into account barter and non-cash transactions.

It has been determined through an arms length transaction.

It is an objectively determinable amount at a specific point in time.

In the case of an asset, it includes every expenditure necessary to ready the asset for use.

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