An ink-stand has been purchased by a firm for a nominal amount that is to last for 4 year. It should not be classified as a fixed asset under which of the following accounting principles:

An ink-stand has been purchased by a firm for a nominal amount that is

1.	An ink-stand has been purchased by a firm for a nominal amount that is to last for 4 year. It should not be classified as a fixed asset under which of the following accounting principles:
A.	Dual Aspect Principle
B.	Materiality Principle
C.	Timeliness Principle
D.	Consistency Principle
Answer» C. Timeliness Principle