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Why is the replacement value of assets method not generally used to value complete businesses?
The replacement value of assets method isn't often applied to entire business valuations because it is frequently very difficult to locate similar assets for sale on the open market and because some of a business's assets are difficult to define and quantify.
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The salaries paid in 2004 is Rs.500000; salaries outstanding Rs.20000; salaries paid in advance for 2001 is Rs.30000. What is the actual salary expenditure for 2004?
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