Explain why non-current assets are valued at cost in a statement of financial position.
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Explain why non-current assets are valued at cost in a statement of financial position.
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Noncurrent assets are valued at cost in a statement of financial position primarily because of the historical cost principle which is a fundamental ac...View the full answer
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Related Book For 
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
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