How can you describe the term Historical Cost?

a.

It is the amount paid to purchase an item plus any amount paid to get it working at first place.

b.

It is the amount one could purchase the similar item from the market, to that we already possess.

c.

The cost of an item together with the inflation for the period of time one intends to hold it.

d.

It is the amount one could sell an item for in the market place.