The going-concern assumption holds that the business entity will continue its operations long enough to realize its projects,commitments,and ongoing activities.The assumption is that the entity is not expected to be liquidated in the foreseeable future or that the entity will continue for an indefinite period of time.
Explain the relationship between the going-concern assumption and the historical cost principle and the amortization of assets.

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The Answer of The going-concern assumption holds that the business entity will continue its operations long enough to realize its projects,commitments,and ongoing activities.The assumption is that the entity is not expected to be liquidated in the foreseeable future or that the entity will continue for an indefinite period of time.
Explain the relationship between the going-concern assumption and the historical cost principle and the amortization of assets.

The Going-Concern Assumption Holds That the Business Entity Will Continue