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Analyze the impact of the revaluation of depreciable assets

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Problem 1: Analyze the impact of the revaluation of depreciable assets on current-period net income and next-period net income assuming 1) current fair value of the asset is higher than its cost and 2) current fair value of the asset is lower than its cost, respectively. For both cases, ignore future revaluations.

Reference no: EM132791153

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