What do you call the acquisition cost of the asset that is listed in a balance sheet?
A)Historical value
B)Financial strength
C)Liquidity
D)Depreciation

Question

Quizplus · Accepted Answer

The acquisition cost of an asset listed in a balance sheet is commonly referred to as its historical value or historical cost. This represents the original amount paid to acquire the asset, including any costs incurred in its purchase or installation.

What Do You Call the Acquisition Cost of the Asset