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Question : (1) in what ways are heritage asset similar to to the asset of for-profit entities and in what ways are different ? (2)
Question :
(1) in what ways are heritage asset similar to to the asset of for-profit entities and in what ways are different ?
(2) Is it appropriate to recognize a heritage assets in the financial statement of the entity which has custody of and responsibility for the assets?
Reference link : https://frc.org.uk/Our-Work/Publications/ASB/Heritage-Assets-can-accounting-do-better.pdf
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