Question
Historical cost accounts do not record the opportunity costs of the use of older assets, particularly property which may be recorded at a value based
"Historical costaccounts do not record the opportunitycostsof the use of older assets, particularly property which may be recorded at a value based oncosts-incurred many years ago"
how is the opportunity cost a disadvantage of Historical cost?
explanation of why it is please
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
