What are two important reasons to base the valuation of assets and liabilities on their historical cost?

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: May 24, 2013 09:23 AM

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What are two important reasons to base the valuation of assets and liabilities on their historical cost?

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Two important reasons to base valuation on historical cost are 1 Historical cost provides ...View the full answer

Intermediate Accounting

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