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Essay

Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting

Essay specific features

 

Issue:

Business

 

Written by:

Dennis M

 

Date added:

April 27, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1218

 

Was viewed:

8042 times

 

Rating of current essay:

 
Essay content:

Historical cost means what it cost the company for the item. It is not fair market value. This means that if a company purchased a building, it is recorded on the balance sheet at its historical cost. It is not recorded at fair market value, which would be what the company could sell the building for in the open market...
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Historical cost means what it cost the company for the item. It is not fair market value. This means that if a company purchased a building, it is recorded on the balance sheet at its historical cost. It is not recorded at fair market value, which would be what the company could sell the building for in the open market...
displayed 300 characters

General issues of this essay:
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