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The use of gross book value (GBV) for measuring the level of investment in depreciable assets (for purposes of calculating return on investment, ROI) is
The use of gross book value (GBV) for measuring the level of investment in depreciable assets (for purposes of calculating return on investment, ROI) is preferred by those who value the objectivity of:
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An historical cost number.
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The depreciation process.
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Price-level adjusted data.
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The cost-allocation process.
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Current-cost information.
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