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Comparing and contrasting the historical cost]principle and current (fair) market value, is knowledge of...

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Accounting

Comparing and contrasting the historical cost]principle and current (fair) market value, is knowledge of anasset's current market value ever useful and, if so, when?

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Historical cost accounting and Current market or fair value accounting are two methods used to record the price or value of an asset Historical cost measures the value of the original cost of an asset whereas mark to market measures the current market value    See Answer
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In: AccountingComparing and contrasting the historical cost]principle and current (fair) market value, is knowledge of an...Comparing and contrasting the historical cost]principle and current (fair) market value, is knowledge of anasset's current market value ever useful and, if so, when?

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