Historical cost is the same as:
A)residual value.
B)original cost.
C)depreciable value.
D)book value.

Question

Quizplus · Accepted Answer

Historical cost is the original cost of an asset at the time it was acquired or purchased. It does not take into account any changes in the value of the asset over time, including depreciation or appreciation. Residual value is the estimated value of an asset at the end of its useful life, depreciable value is the portion of the asset's cost that can be depreciated, and book value is the value of an asset as it appears on a company's balance sheet, which may vary from its historical cost.

Historical Cost Is the Same As