Question

distinguished between historical cost and replacement cost​

Answer 1

Answer:

Historical and Replacement Cost. The historical cost of an asset refers to the actual costincurred at the time the asset was acquired. In contrast, thereplacement cost stands for the cost which must be incurred if the asset is to be purchased today. ... Instead,replacement costs are relevant for these purposes

Answer 2

Answer:

HEY DEAR...❤

Historical and Replacement Cost. The historical cost of an asset refers to the actual cost incurred at the time the asset was acquired. In contrast, the replacement cost stands for the cost which must be incurred if the asset is to be purchased today. ... Instead, replacement costs are relevant for these purposes.

HOPE IT HELPS U DEAR...❤