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Respond to the discussion One of the limitations of the balance sheet is that it presents their assets at historical cost, which is not reflected
Respond to the discussion One of the limitations of the balance sheet is that it presents their assets at historical cost, which is not reflected in market value. And the method used to depreciate assets are based on the company's historical estimates and it includes personal judgments, which could be not subjective nor presenting a true financial position. Normally, many companies would understate their non-monetary assets, such as loyalty of employees
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