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Critically evaluate the 'reliability' of the fair value hierarchy, expressing your views on the three broad levels and the 'observable inputs and unobservable inputs. Also,

Critically evaluate the 'reliability' of the fair value hierarchy, expressing your views on the three broad levels and the 'observable inputs and unobservable inputs. Also, elaborate on the importance of Fair value measurement techniques and their usefulness to managers. (1500 words)

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