Daphne is calculating the total asset turnover ratio of a company. Under which accounting principle would she value the assets o

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2 years ago

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Daphne is calculating the total asset turnover ratio of a company. Under which accounting principle would she value the assets o

f the company at their original cost? A. accrual method of accounting B. historical cost accounting C. business entity concept D. going concern concept

Mathematics

1 answer:

Tems11 [23] · Answer 1 · 2023-06-15T00:03:20+03:00

The accounting principle she would use to value the assets of the company at their original cost is historical cost accounting.

<h3>What is historical cost accounting?</h3>

Historical cost accounting is an accounting method for recording the value of fixed assets under US GAAP where the value of an asset on a balance sheet is equal to the cost of acquiring the asset.

To learn more about historical cost accounting, please check: brainly.com/question/17212027

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