term convention cost htorical what is
Meaning of historical cost convention. What is it: sheet purposes at their acquisition price.

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Definition historical cost convention

HISTORICAL COST CONVENTION title: historical cost convention (FI-AA) (SAP Library - Glossary)
HISTORICAL COST CONVENTION category: Asset Accounting (FI-AA)
HISTORICAL COST CONVENTION explained:

An accounting method whereby assets are valued for balance sheet purposes at their acquisition price.

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