Which accounting assumption or principle is being violated if a company reports its corporate headquarter building at its fair value on the balance sheet

Historical cost

Explanation:

The historical cost principle is an accounting principle that states that an asset, liability or equity should be recorded at the cost it took to purchase the asset, liability or equity. The asset should be recorded at historical cost  no matter the change in the value of the asset, liability or equity.

For example, if a car was purchased by a company at the cost of $50,000 in December 2020. If by January 2021, the asset now costs $55,000. The asset should still be recorded in the balance sheet of the company at $50,000

The asset, liability or equity can be recorded at fair value in the case of acquisition of the company or sale of the asset, liability or equity

answer; communication channel;

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.