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Which limitation of historical cost in time of rising price

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Problem 1: A limitation of historical cost in time of rising prices is :

a- problem of additivity ( adding together assets bought at different times )

b- assets current value may be similar to historical cost .

c- including holding gains which accrued in previous periods in current years income smooth down the current years operation result .

d- can understate profits in times or rising prices.

Reference no: EM132766928

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