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  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 4: An Overview of Accounting for Assets
  5. Question
    The AASB Framework Allows Use of a Different Measurement Basis
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The AASB Framework Allows Use of a Different Measurement Basis

Question 65

Question 65

True/False

The AASB Framework allows use of a different measurement basis for similar assets as long as this is disclosed in the summary of accounting policies adopted in the notes to the accounts.

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