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    Core Concepts of Accounting
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    Exam 6: Long-Term Assets: Property, Plant Equipment and Intangibles
  5. Question
    A Key Advantage of Using Historical Costs Rather Than Fair
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A Key Advantage of Using Historical Costs Rather Than Fair

Question 70

Question 70

Multiple Choice

A key advantage of using historical costs rather than fair market values for assets is


A) relevance.
B) materiality.
C) matching.
D) rationality.
E) objectivity.

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