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he'lan'i.r corporations use cost after subtracting accumulated depreciation and impairment losses as a base for measuring their property; plant and equipment [while some use fair

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he'lan'i.r corporations use cost after subtracting accumulated depreciation and impairment losses as a base for measuring their property; plant and equipment [while some use fair value for this measurement purposes]. Requirement: - 1]Discuss the issues associated with basing depreciation expense on historical cost rather than other 1u'alues such as replacement cost

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