The historical cost principle requires that when assets are acquired, they be recorded at cost.
The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.
For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.
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Will should be able to claim all of these deductions.
Answer:
anything that both buyers and sellers will accept in exchange for goods and services
Explanation:
Money is anything that is accepted as payment for goods or services or as repayment of debt. According to economists, money refers to something beyond just paper bills and coins. It is a medium of exchange
, unit of account and store of value. Money can be used to transport purchasing power from one time period to another.
Answer:
Explanation:
It is clear that the yield in country B is higher than that of country A, although country A could sometimes receive more money, since it moves in a range, while country B always receives the same amount, the key factor is to measure the cost of performance that each country has, that is, just knowing the performance is not enough to make a decision, it is necessary to make a social assessment of projects that although not financial should be evaluated from the costs of generating such profitability.
