Question

Identify the Accounting principle which includes the cost of acquisition that does not change year after year . (pls ans in one word )

Answer 1

Historical cost concept/ Principle is the correct answer....

hope it helps u.....

Answer 2

Answer:

accounting principles that include the cost of acquisition is as follow which is explained below.

Explanation:

let us understand cost of acquisition that is as follows

Acquisition cost is a term given in business to tell how much money it require to acquire equipment or properties after all adjustment are made, but before taxes. 

The cost of acquisition it is total expense cost by a business in buying a new customers or purchasing asset. An accountant will make a list of company cost of acquisition as the total after any discount are added or subtracted if any and any closing costs are reduced. However, any sale tax paid is not included in the line item.

HENCE THIS IS THE SOLUTION

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