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IASB has proposed that there should be a single measurement approach. In answering the following questions, you will need to identify what the proposed measurement

IASB has proposed that there should be a single measurement approach. In answering the following questions, you will need to identify what the proposed measurement method is and how that may vary from what is used now.

(A) Is adoption of a single measurement based approach likely to work in practice justify your response.

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