Assertion: asset's cost | /r/HasProperty | historical
Facets:
Source sentences:
text: This is used for assets whose carrying value is based on mark-to-market valuations; for assets carried at historical cost, the fair value of the asset is not used.
text: Financial statements prepared in accordance with generally accepted accounting principles (GAAP) show many assets based on their historic costs rather than at their current market values.
text: They are listed at historical cost, rather than market value, and appear on the balance sheet as items of ownership.
text: They are listed at historical cost and in order of liquidity.