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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 728 |
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The cost of the plastic is easily attributable to the cost of production of the toy and is therefore a direct cost.
A historical cost is a term that may help you put some of the costs on a balance sheet into perspective. Historical costs are the original costs of assets from the date they were purchased...
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A historical cost is not a current assessment of the worth of the company’s equipment. The cost of replacement of certain items may be greater or less than the historical cost. An example of this would be a piece of land that was purchased for $25,000 thirty years ago and today is worth $125,000 on the balance sheet the cost is still listed as $25,000...
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