answersLogoWhite

0


Best Answer

I believe historical cost is the original cost @ time of buying. Replacement cost is the price it would cost you @ present day values

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the difference between historical cost and replacement cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Difference between histotical cost and standard cost?

Standard cost is the cost which is basis to measure the actual cost historical cost is the initial cost


What are some of the major strengths and weaknesses of historical cost accounting?

the difference between income derived from the viewpoint of maintaining financial capital (as in historical cost accounting) and income derived from a system of ensuring that physical capital


What difference between cost and costing?

difference between cost and costing


What is the difference between imputed costs and book costs?

Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.


What is the difference between in Normative theory and historical cost theory?

Normative theory focuses on what should be done based on ethical, moral, or societal principles, while historical cost theory values assets at their original purchase price. Normative theory considers broader implications and ethical considerations, while historical cost theory is more concerned with financial accuracy and reliability.


What is the difference between cost and list price?

whats the difference between cost and list?


What is the difference between differential cost and incremental cost?

There is no difference


Difference between real cost and money cost in about 300 words?

what is the difference?


What is the Contradiction between historical cost and fair value?

Historical cost and fair value are opposite effects. Historical cost, also known as historical value, is what an item is worth due to its age. Fair value is what the actual value of said item is.


Lexus bulb replacement?

The cost of a Lexus bulb replacement varies slightly by the model of the car and the retailer. On average the bulbs cost between 7.50 and 15.50.


What is the cost for a strut replacement in a Kia Sephia?

The cost for the strut replacement in this car can range between $50 and $200+. It will depend on the brand of the part, and if a person does it on their own.


What is the difference between prime cost and variable cost?

lina