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How do you respond to se-jeong''s point of view

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Reference no: EM132990105

Question - Se-jeong, your roommate found and read your note on historical cost. The note explains the importance of historical cost as a primary measure of non-current assets in the balance sheet. She could not understand the relevance of historical cost if she were to make decisions on investing her money in a company because the historical cost does not reflect the current value of the company. How do you respond to Se-jeong's point of view? Include 4 main points to support your answer.

Reference no: EM132990105

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