Question

1. Under the cost principle, assets are recorded at:
A. Present value
B. Historical value
C. Acquisition cost
D. Disposal value​

Answer 1

Explanation:

A historical cost is a measure of value used in accounting in which the value of an asset on the balance sheet is recorded at its original cost when acquired by the company. The historical cost method is used for fixed assets in the United States under generally accepted accounting principles (GAAP).

Answer 2

Answer:

B

Explanation:

historical value

you can explain it is safe