1. Mr. A purchased a machinery costing ₹ 1,00,000 on 1st November 2013. Transportation and installation charges were incurred amounting ₹ 10,000 and 4,000 respectively. Dismantling charges of the old machine was ₹ 10,000. Market value of the new machine was estimated at ₹ 1,20,000 on lST March 2014. While preparing final accounts, A values the machinery at ₹1.20,000 in his books. Which of the following concepts was violated by A ?
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