In conformity with the historical cost principle, cost (less any estimated residual value) is allocated to periodic expense over the periods benefited.

Name: In conformity with the historical cost principle, cost (less any estimated residual value) is allocated to periodic expense over the periods benefited.
Brand: Quizplus
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The Answer of In conformity with the historical cost principle, cost (less any estimated residual value) is allocated to periodic expense over the periods benefited.

In Conformity with the Historical Cost Principle, Cost (Less Any