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Romantics were most interested in
Original Cost
The initial price paid to acquire an asset or service, not accounting for depreciation or adjustments.
Book Value
The residual amount that represents a company's assets minus its liabilities.
Accumulated Depreciation
The aggregate depreciation recorded on a fixed asset since its commencement of use.
Supplies Expense
The cost incurred from consuming supplies that are used during the operation of a business, often classified as an expense on the income statement.
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