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Write briefly on the following bases of valuation: The current purchase price (replacement cost) of the asset (RC). The net realisable value of the asset

  1. Write briefly on the following bases of valuation:
    1. The current purchase price (replacement cost) of the asset (RC).
    2. The net realisable value of the asset (NRV):
    3. The present value of the expected future earnings from the asset (PV).

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