Does cost allocation provide relevant information

Does cost allocation provide relevant information

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Does cost allocation provide relevant information for financial statement users? Why or why not?
Would a current-value approach to measurement of fixed assets be preferable? Why or why not?
Would a current-value approach be consistent with the physical capital maintenance concept? Explain.
What problems and limitations are associated with using replacement cost for fixed assets? Explain.

Reference no: EM13688913

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