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Topic: Business
Number of pages / Number of words: 5 / 1241
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Opportunity costs are commonly used in economics and do not have much relevance here, however accounting bodies and academic commentators have forwarded new methods of accounting using the current asset value, as opposed to the conventional acquisition cost.

Replacement costs could be used as a possible alternative to historical cost method...


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Opportunity costs are commonly used in economics and do not have much relevance here, however accounting bodies and academic commentators have forwarded new methods of accounting using the current asset value, as opposed to the conventional acquisition cost.

Replacement costs could be used as a possible alternative to historical cost method...


Essay fragment

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