Financial Accounting MCQs

Historical cost concept requires the valuation of an asset at

April 23, 2022

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Historical cost concept requires the valuation of an asset at

Q. Historical cost concept requires the valuation of an asset at

A. Replacement value

B. Net realizable value

C. Market value

D. Original cost

Answer: Original cost

Historical cost concept requires the valuation of an asset at

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Historical cost concept requires the valuation of an asset at

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