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Some asset valuations using historical costs are highly relevant and very representationally faithful, whereas others may be representationally faithful but lack relevance. Some asset valuations

Some asset valuations using historical costs are highly relevant and very representationally faithful, whereas others may be representationally faithful but lack relevance. Some asset valuations based on fair value are highly relevant and very representationally faithful, whereas others may be relevant but lack representational faithfulness. Explain and provide examples of each.

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