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Can you please help me with these accounting questions?
Hello,
Can you please help me think about these questions? I would really appreciate any help! Why do accountants bother with present value calculations? What would be incorrect with recording an asset at its historical cost, even if some of the payments are made in the future? Life is simpler recording the agreed upon price and ignoring when payments are made. Can you give any good accounting reason for adding this present value burden? What is wrong with accounting records that ignore present value? |
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