Business, 31.08.2021 14:10 raven1619

Question 3: Accounting for values (35 marks, 300 words).
XYZ Company bought real estate properties in Boston 50 years ago
for $30,000. In 2020, a real estate appraiser inspects the properties
and concludes that their expected market value is $2 million. The
company has been using historical accounting principles for the last
50 years. A newly appointed financial manager recommends the
use of fair value accounting for the value of the properties. Discuss
the difference between the two approaches. Do you agree with the
financial manager? Why or why not?

Answers: 3

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Question 3: Accounting for values (35 marks, 300 words).
XYZ Company bought real estate prop...