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historical-cost accounting |
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historical-cost accounting n (Economics, Accounting & Finance / Accounting & Book-keeping) a method of accounting that values assets at the original cost. In times of high inflation profits can be overstated Compare current-cost accounting How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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