What Is Historical Cost?
Answers
Answered by
3
Answer:
A historical cost is a measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP).
Explanation:
For example, if a company's main headquarters, including the land and building, was purchased for $100,000 in 1925, and its expected market value today is $20 million, the asset is still recorded on the balance sheet at $100,000.
Answered by
43
Explanation:
Cultural heritage tourism is a branch of tourism oriented towards the cultural heritage of the location where tourism is occurring
Similar questions