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What is the definition of Historical Cost?
what is the definition of historical cost
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
A cost that is previously incurred and irreversible is known as?
opportunity cost historical cost
Historical cost based depreciation tends to do what when there is inflation?
HIstorical cost based depreciation tends to increase profits when there is inflation
What is the definition of Historical Cost?
what is the definition of historical cost
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
How do you calculate cost of dedt?
Calculate cost of debt for what??????
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 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.
A cost that is previously incurred and irreversible is known as?
opportunity cost historical cost
Historical cost based depreciation tends to do what when there is inflation?
HIstorical cost based depreciation tends to increase profits when there is inflation
How do you calculate variable cost?
Variable cost = Total Cost/ fixed cost
Calculate cost of goods sold?
To calculate the cost of goods you have to substract the gross profit from total sales.
How do you calculate cost of placing an order in inventory management?
calculate the average cost of placing one order
