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snow

02/25/18 3:23 AM

#130995 RE: The Swede #130836

The Swede The problem regarding the abttoir is that the buildings may drop a lot in value if there is no profitable use of them. Conservative principles are basic in accounting.

"Cost principle. This is the concept that a business should only record its assets, liabilities, and equity investments at their original purchase costs. This principle is becoming less valid, as a host of accounting standards are heading in the direction of adjusting assets and liabilities to their fair values."