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

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

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 16, 2024 04:21 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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Financial Accounting A Business Perspective

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