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QUESTION

Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument. Evaluate the effectiveness of the accounting principle guidelines for determi

  • Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument. 
  • Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset, indicating improvements to these guidelines. Provide support for your recommendations.
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