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上传于：2024-04-11
Historical cost Definition
Ameasure of value used in aceounting in which the price of an asset on the balance sheet is
based onits nominal or original cost when acquired by the company
For example say the main headquarters ofa company which ineludes theland and building,
was bought for $l100000 in 1925， and its expected market value today ks $20 milion The
assetis still recorded on the balance sheetatS100.000.
Historical cost Usage
Historical cost method can confirm the net profit objeetivelv,
H