Question: 2 9 . ) According to GAAP net present value is the basis for valuation of all fixed assets used in the business. One of

29 .)

According to GAAP net present value is the basis for valuation of all fixed assets used in the business. One of the reasons for this position is that at acquisition date, cost reflects net present value.

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TRUE

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FALSE

2 9 . ) According to GAAP net present value is

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