What is the justification for reporting plant assets on the balance sheet at undepreciated cost (book value)

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rather than market value? ki7

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:05 AM

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What is the justification for reporting plant assets on the balance sheet at undepreciated cost (book value)

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Accounting A Business Perspective

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