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b) You are the accountant of White Hotel Berhad, a corporation that engages in the hotel businesses. The corporation is having a high value of
b) You are the accountant of White Hotel Berhad, a corporation that engages in the hotel businesses. The corporation is having a high value of buildings and has been using historical cost to measure it. The directors of White Hotel Berhad wanted to continue using the historical cost measurement since they feel that the valuation exercise is costly to the corporation Prepare a note explaining 4 drawbacks of using the historical cost measurement for buildings (10 marks)
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