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Historical Cost
A valuation principle under which assets and liabilities are recorded at their original purchase price, without adjustment for inflation or market changes.
Current Cost
The amount of money that would have to be paid currently to replace an asset or to purchase a service.
Net Realizable Value
The estimated selling price of goods, minus the cost of their sale or completion.
Exit Value
The estimated amount that an asset or investment could be sold for at the end of its useful life.
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