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what is the definition of historical cost
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∙ 12y ago
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What is historical cost?
Historical cost is the cost of an item when it was originally acquired. Historical cost does not reflect the change of value over time that an asset undergoes.
What is the difference between historical cost and replacement cost?
I believe historical cost is the original cost @ time of buying. Replacement cost is the price it would cost you @ present day values
Historical cost based depreciation tends to do what when there is inflation?
HIstorical cost based depreciation tends to increase profits when there is inflation
A cost that is previously incurred and irreversible is known as?
opportunity cost historical cost
Why are historical costs irrelevant?
Historical costs are irrelevant because historical costs are sunk cost and no body can change any decision made in past so anything which can not be change due to underlying decision then that cost is irrelevant cost.
What is the definition of historical text?
what is the definition of historical text
What is the definition of historical underpinning?
historical underpinning
What is historical cost?
Historical cost is the cost of an item when it was originally acquired. Historical cost does not reflect the change of value over time that an asset undergoes.
Advantages of historical cost accounting?
strength of historical cost accounting
What is the historical definition of the Caribbean?
countries and islands that has shared historical experience
What is a good definition of the word historical?
history
What is the difference between historical cost and replacement cost?
I believe historical cost is the original cost @ time of buying. Replacement cost is the price it would cost you @ present day values
What is the definition of historical?
of, pertaining to, treating, or characteristic of history or past events
What is the proper definition of a primary historical document?
an account of a historical event by someone who witnessed the event
What is the definition of historical interpretation?
An interpretation about history (Lol)
What is the historical cost model?
Historical cost model is a valuation process for assets wherein they are valued at cost of acquisition plus all costs incidental to cost of acquisition.
What is the Contradiction between historical cost and fair value?
Historical cost and fair value are opposite effects. Historical cost, also known as historical value, is what an item is worth due to its age. Fair value is what the actual value of said item is.
