Examlex
Computers fall below humans where there seems to be a high level of complexity and ambiguity.
Measurement Alternative
An accounting option that allows companies to report certain financial assets or liabilities at their fair market value rather than their historical cost.
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.
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