Accounts Paper2

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Title: Accounts Paper2

Essay Details:

Subject: Business

Author: Rose T

Date: July 20, 2013

Level: University

Grade: A

Length: 6 / 1672

Essay text:

Your mechanical knowledge and skills cannot be objectively measured in dollars and cents. Your valuation of your knowledge or skill is a subjective judgment and another person evaluating the valuation of the same may not agree on your monetary valuation of such skills. On the basis of these reasons your mechanical knowledge and skills cannot be truly recognised as assets of the business. PART B The answer to this question would depend on the purpose or use of the house. ASSUMPTION 1: The house is not used for business purposes If the house is not used for business purposes but rather you reside in the house, then the house would not be listed under the company's assets at all because it is not owned by the company although it is owned by you...

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