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(a)  Provide a definition of the deprival value of an asset.                                     (b)     For a particular asset, suppose the three bases of valuation relevant to the calculation of its deprival value are (in thousands of pounds): £12, £10 and £8. Construct a matrix of columns and rows showing all the possible alternative situ- ations and, in each case, indicate the appropriate deprival value.                                                 (c)      Justify the use of deprival value as a method of asset valuation, using the matrix in (b) above to illustrate your answer.                                                                ACCA Level 2, The Regulatory Framework of Accounting, December 1988

(a)  Provide a definition of the deprival value of an asset.                                     (b)     For a particular asset, suppose the three bases of valuation relevant to the calculation of its deprival value are (in thousands of pounds): £12, £10 and £8. Construct a matrix of columns and rows showing all the possible alternative situ- ations and, in each case, indicate the appropriate deprival value.                                                 (c)      Justify the use of deprival value as a method of asset valuation, using the matrix in (b) above to illustrate your answer.                                                                ACCA Level 2, The Regulatory Framework of Accounting, December 1988

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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(a)  Provide a definition of the deprival value of an asset.                                    

(b)     For a particular asset, suppose the three bases of valuation relevant to the calculation of its deprival value are (in thousands of pounds): £12, £10 and £8.

Construct a matrix of columns and rows showing all the possible alternative situ- ations and, in each case, indicate the appropriate deprival value.                                                

(c)      Justify the use of deprival value as a method of asset valuation, using the matrix in

(b) above to illustrate your answer.                                                               

ACCA Level 2, The Regulatory Framework of Accounting, December 1988

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