ABC LLC started its business in the year 1995 and continuing till the date. It has a common practice to record all its business transactions based on the historical cost accounting system. XYZ LLC is the competitor of ABC LLC which has been started in the year 2000. Recently, because of the inefficiency of new management of XYZ LLC, slowly it is falling in losses and it wants to liquidate it as soon as possible. The management of ABC LLC wants to buy XYZ LLC Company in order to reduce the competition and as well as increase the profitability. But ABC wants to convert all the financial statement elements of XYZ LLC into their current values to see the exact financial performance and financial position of the company. Therefore what benefits ABC LLC may get by following the conversion method? Answer the given case by giving your own examples.