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1.Discuss any managerial discretions available to the firms when revaluing/devaluing non-current assets? 2.What are the pros and cons of choosing fair value method? Provide at

1.Discuss any managerial discretions available to the firms when revaluing/devaluing non-current assets?

2.What are the pros and cons of choosing fair value method? Provide at least three for each pros and cons and explain in detail

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