Question: As a lender, discuss whether you would prefer to see long-term assets reported at historical cost or fair value. What advantages and disadvantages would you

As a lender, discuss whether you would prefer to see long-term assets reported at historical cost or fair value. What advantages and disadvantages would you see under each valuation? Discuss.

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As a lender, discuss whether you would prefer to see long-term assets reported at historical cost or fair value. What advantages and disadvantages would you see under each valuation?

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