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Despite the efforts of various people, including Chambers, Sterling, Edwards and Bell, historical cost accounting...

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Accounting

Despite the efforts of various people, including Chambers, Sterling, Edwards and Bell, historical cost accounting is still a widely used method within financial reporting. Why do you think that historical cost accounting remains an accepted method of measurement? In your response, you should consider the merits (or otherwise) of the methods proposed by the aforementioned authors (CCA, CoCoA, CPPA etc).

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