US GAAP and IFRS allows the use of present value to calculate the cost of an asset

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US GAAP and IFRS allows the use of present value to calculate the cost of an asset except: Group of answer choices When assets are depreciated using the straight line method. When assets are held for less than one year. When asset are sold in the middle of the accounting cycle. When assets are held for more than one year.

Posted Date: Jul 11, 2024 04:05 AM

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US GAAP and IFRS allows the use of present value to calculate the cost of an asset

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