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DORIC CO (PILOT 12)

Former userFormer user5y ago

[Content removed at user request]

John MoffatJohn MoffatTutor5y ago#1
It has nothing to do with financial accounting rules. A new company is being formed and the new company can take the opportunity to revalue the non-current assets if they want to. It makes sense to start the company using the realisable values rather than the existing book values - book values are always rather meaningless and never represent actual values.
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