Examlex
The triple-alpha process
Historical Cost
The original monetary value of an asset or investment at the time of its acquisition.
Fair Value
Fair Value is a financial term describing the estimated worth of an asset or liability in the marketplace, based on current prices and considering factors like utility and risk.
Asset
Resources owned or controlled by a business that are expected to generate future economic benefits.
Fair Value Principle
Assets and liabilities should be reported at fair value (the price received to sell an asset or settle a liability).
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