In adopting a Financial Accounting model what role has 'inflation' and 'subjectivity' played across time?Do you think this has been necessary?Why?
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In adopting a Financial Accounting model what role has 'inflation'

and 'subjectivity' played across time? Do you think this has been necessary? Why? [think about choices - depreciation, inventory, fair value impairment for example; the assumption of the constant purchasing power of the dollar]

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