Updated 27 days ago
71 Berlin Road Stockport SK3 9QF
Accounting encounters even more difficulty in trying to pin down a firm's economic condition. To determine this we want to find out about an organisation's assets and their values. But there is more than one standard of value! Should accountants use the current market values for the assets owned or the original cost in bringing the asset to use? Rarely are these values the same and there are advantages and disadvantages to both approaches.