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  3. Study Set
    Core Concepts of Accounting
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    Exam 2: Concepts and Elements Underlying Accounting
  5. Question
    The Use of Historical Cost May Mean That Some Asset
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The Use of Historical Cost May Mean That Some Asset

Question 48

Question 48

True/False

The use of historical cost may mean that some asset values are significantly understated after those assets are held for a long period of time.

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