Question 3: Accounting for values (35 marks, 300 words).
XYZ Company bought real estate properties in Boston 50 years ago
for $30,000. In 2020, a real estate appraiser inspects the properties
and concludes that their expected market value is $2 million. The
company has been using historical accounting principles for the last
50 years. A newly appointed financial manager recommends the
use of fair value accounting for the value of the properties. Discuss
the difference between the two approaches. Do you agree with the
financial manager? Why or why not?

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.