[OPE-L:5220] Re: Reproduction Costs vs. Replacement Costs

andrew kliman (Andrew_Kliman@msn.com)
Mon, 9 Jun 1997 00:27:01 -0700 (PDT)

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In ope-l 5216, Duncan wrote:

"Have you thought about this assuming that, while the production period stays
constant, the accounting period becomes smaller and smaller? It's nice to have
the mathematics of an accounting convention invariant to this type of
transformation of the treatment of time."

I'm sorry, I don't get the point. Would you please elaborate? What does the
accounting period have to do with this?

Andrew Kliman