Accountıng I Deneme Sınavı Sorusu #1159813
Which of the following is the principle generally used in the valuation of assets?
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What it would cost to replace the asset |
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Selling price |
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Historical cost |
|
Fair value |
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Relevance |
Yanıt Açıklaması:
The correct answer is C. Assets are recorded at their cost when acquired by the company and this value stays same over the time according to the historical cost principle.
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