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March 18, 2026The Accounting Review

Adjustment of Fixed Assets to Reflect Price Level Changes.

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Authors

TMThomas J. McNicholsFBF. Virgil Boyd

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Overview

Experimental case study explores effects of inflation on fixed asset accounting and income measurement.

Key Points

  • The aim is to develop a methodology for adjusting fixed asset values to account for inflation effects.
  • Analyzed the relationship between inflation and accounting practices
  • Presented a novel method for adjusting historical costs of fixed assets
  • Focused exclusively on fixed assets, excluding inventories
  • Identified significant differences between historical cost and cost in terms of purchasing power
  • Demonstrated that adjustments lead to more accurate income measurement for fixed assets.

Cite This Study

McNichols et al. (1954) studied this question.

synapsesocial.com/papers/69ba42cf4e9516ffd37a372ahttps://doi.org/10.2308/tar-7129489
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Inflation adjustments of financial statements: Implication to price index and performance2024 · 16 citations
  2. 2Discounted Cash Flows, Price Level Adjustments and Expectations.1971
  3. 3ADAPTATIONS TO PRICE—LEVEL CHANGES.1948
  4. 4PRICE LEVEL ADJUSTMENTS: REJOINDER TO PROFESSOR HUSBAND.1956
  5. 5A CASE STUDY OF PRICE-LEVEL ADJUSTMENTS.1955