Answer:
American Frontier
Explanation:
American frontier, in United States history, the advancing border that marked those lands that had been settled by Europeans. It is characterized by the westward movement of European settlers from the original Atlantic coast (17th century) to the Far West (19th century).
the voyage of the Great Treasure Fleet :)
The correct answer is B.
A historical cost is the <em>original cost </em>of an asset and it is recorded as such in the accounting records. It is the nominal cost of the product at the time when it was acquired. In Tom's case, the historical cost of the van is $10,000.
A historical cost can be easily proven by accessing the records of the purchase. But is does no longer represent the actual or<em> fair value</em> of the asset as the value usually decreases with passing time ( depreciation expense ).
Historical cost is still a central concept for recording assets although the fair value concept is preferred, as it represents the real value of the asset an any given time.