Discuss the relevance and limitations of the historical cost concept in accounting.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:11 AM

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Discuss the relevance and limitations of the historical cost concept in accounting.

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The historical cost is a measurement basis It is typically the price that is agreed in an armslength transaction when an asset or liability is origina...View the full answer

Introduction To Financial Accounting

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