Which of the following is a measurement method that reflects historical value?
A) Fair value
B) Acquisition cost
C) Replacement cost
D) Net realizable value

Name: Which of the following is a measurement method that reflects historical value? A) Fair value B) Acquisition cost C) Replacement cost D) Net realizable value
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Acquisition cost reflects the historical value of an asset, representing the amount of cash or cash equivalents paid to acquire the asset at the time of its purchase.

Which of the Following Is a Measurement Method That Reflects