Abstract
In Chapter 7 the measurement of fixed assets under an historic cost basis of valuation was examined. The allocation of acquisition cost over the estimated useful life of finite life tangible assets was considered as part of the matching process in which revenues obtained are matched with the expenses incurred in earning these revenues.
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Notes and References
B. S. Yamey, ‘The Development of Company Accounting Conventions’, in Lee and Parker (1979), The Evolution of Corporate Financial Reporting, p. 235.
Accounting Standards Committee, Accounting for Goodwill, ED30 (1982) part 3, para. 56.
Accounting Standards Committee, Accounting for Research and Development, SSAP 13 (1977).
Accounting Standards Committee, Accounting for Investment Properties, SSAP 19 (1981) para. 2.
Accounting Standards Committee, The Accounting Treatment of Government Grants, SSAP 4 (1974) part 1, para. 5.
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© 1985 Robin John Limmack
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Limmack, R.J. (1985). Fixed Asset Measurement (II). In: Financial Accounting and Reporting. Palgrave, London. https://doi.org/10.1007/978-1-349-17898-8_8
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DOI: https://doi.org/10.1007/978-1-349-17898-8_8
Publisher Name: Palgrave, London
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