Property, plant and equipment are shown at historical cost, whereas for financial assets recoverable value and current
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“Property, plant and equipment are shown at historical cost, whereas for financial assets recoverable value and current market value are more important.” Why is it so? Explain.
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The statement you provided highlights a key difference in the accounting treatment of two asset classes property plant and equipment PPE and financial assets The rationale behind this difference lies ...View the full answer
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DANIEL KIPTALA
I am a graduate of Electronics and Communications Engineering. My first job was on a cruise ship. There, i was able to expose myself to different cultures. The second job I got was in a BPO industry. There, I was able to enhance my communication skills and train myself to have patience with irate customers. Lastly, my job since 2015 up to present is as a college mathematics instructor. I am also teaching other general education subjects. I have been through a lot of seminars. My more than 7 years of teaching made me prepared and knowledgeable enough to teach students, especially mathematics.
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