CASE STUDY FAIR VALUE BASIS FOR MEASUREMENT The management of Ransom Ltd has decided to use the

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CASE STUDY FAIR VALUE BASIS FOR MEASUREMENT The management of Ransom Ltd has decided to use the fair value basis for the measurement of its equipment. Some of this equipment is very hard to obtain and has in fact increased in value over the current period. Management is arguing that, as there has been no decline in fair value, no depreciation should be charged on these pieces of equipment. Required Discuss management’s position. CASE STUDY

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Financial Reporting

ISBN: 978-0730363361

2nd Edition

Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes

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