Solution-Historical cost concept in the valuing of

Historical cost concept in the valuing of long-term assets

Reference no: EM13506133

US GAAP follows the Historical Cost Concept in the valuing of long-Term Assets. Explain this principles and how it compares to the standards used in the reporting of Long-Term Assets under International Financial Reporting Standards (IFRS). If there is a convergence of standards, which method do you believe should be used and why?

Reference no: EM13506133

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Historical cost concept in the valuing of long-term assets : US GAAP follows the Historical Cost Concept in the valuing of long-Term Assets.

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Historical cost concept in the valuing of long-term assets

Reference no: EM13506133

Reference no: EM13506133

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