Jane Wilson has prepared personal financial statements in which her assets are valued at her historical cost, less appropriate depreciation. Requirements: Please use APA format, use academic sources (AICPA, FASB, Journal of Accontancy, etc.) Each question

Jane Wilson has prepared personal financial statements in which her assets are valued at her historical cost, less appropriate depreciation. Requirements: Please use APA format, use academic sources (AICPA, FASB, Journal of Accontancy, etc.) Each question only needs a paragraph or two of content. Is this presentation in conformity with generally accepted accounting principles? Can a public accounting firm audit these statements and issue a standard unmodified opinion? please reference this document and use its content when responding to the questions: http://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176156441953&acceptedDisclaimer=true I have also uplaoded it, but use the other accounting sources as well.

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