Since historical costs are sunk (and, hence, not directly useful for decisionmaking purposes), why are accounting systems

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Since historical costs are sunk (and, hence, not directly useful for decisionmaking purposes), why are accounting systems and reports based on historical costs?

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Cost Accounting

ISBN: 9780256257113

4th Edition

Authors: Michael W. Maher, Edward B. Deakin

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Question Posted: Jul 01, 2024 02:10 AM

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Since historical costs are sunk (and, hence, not directly useful for decisionmaking purposes), why are accounting systems

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Cost Accounting

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