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Illustrates an enhancing qualitative characteristic

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DG Clark, a property investor has three properties; one in Auckland, one in Wellington and one in Christchurch. He has owned these properties for the last three years. A registered valuer has advised him the property values have increased in these locations; however, he has chosen to value them at their historical costs.

Problem 1: Explain how this scenario illustrates an enhancing qualitative characteristic of financial information that is absent and why it is absent.

Reference no: EM132626485

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