07:51 Jan 19, 2010 |
Romanian to English translations [PRO] Bus/Financial - Finance (general) | |||||
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| Selected response from: AndraCristina United Kingdom | ||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | valued at its original cost |
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valued at its original cost Explanation: http://cbdd.wsu.edu/kewlcontent/cdoutput/TR506/page31.htm Original cost: Original cost (also called historic cost accounting or HCA) values assets based on what the company actually spent for the assets when they were acquired. Example: In 1990, Utility Company spent $500,000 to purchase the materials for its fixed lines and $50,000 to install them. The original cost value of these assets is $550,000 before depreciation. (Depreciation is explained later.) This $550,000 would be considered the value of this addition to rate base under the original cost method. |
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