What is the advantage of using Historical cost on Balance sheet for Property, Plant & Equipment?

Question added by Ghazanfar Imran , Financial Controller , National Security Institute
Date Posted: 2014/06/23

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by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Historical cost showes the simple and actual value of property, Plant and equipment. And verification of cost of PPE is simple in historical cost convention.

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