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1) Having a look to the statement of financial position, there is a total given for all the companys assets (as pre requirement of AASB

1) Having a look to the statement of financial position, there is a total given for all the companys assets (as pre requirement of AASB 101). This aggregated total is derived by adding various classes of current and non-current assets. Discuss the appropriateness of simply adding all classes of assets, even though they have been measured on a number of different valuation bases?

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