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Distinguish between valuation of assets based on current cost and historical cost.

      

Distinguish between valuation of assets based on current cost and historical cost.

  

Answers


Kavungya
- Currently cost of an asset is the cost now of purchasing an asset identical to the one currently held.
- Historical - cost measurement methods generally consider net book value of the assets,
which is original cost minus accumulated depreciation.
Kavungya answered the question on December 15, 2021 at 10:19


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