Assertion: asset's cost | /r/HasProperty | original
Facets:
Source sentences:
text: Suppose, an asset has original cost $70,000, salvage value $10,000, and is expected to produce 6,000 units.
text: A fixed asset is fully depreciated when its original recorded cost, less any salvage value, matches its total accumulated depreciation.
text: Historical cost differs from a variety of other costs that can be assigned to an asset, such as its replacement cost (what you would pay to purchase the same asset now) or its inflation-adjusted cost (the original purchase price with cumulative upward adjustments for inflation since the purchase date).
text: When an asset is sold, debit cash for the amount received and credit the asset account for its original cost.