Four Types of Historical Evidence Are: Primary Sources,running Records,recollections,and Secondary

question 18

Essay

Four types of historical evidence are: primary sources,running records,recollections,and secondary sources.Discuss the pros and cons of each.

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Definitions:

Cost

The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

Revaluation

An adjustment of the value of an asset to reflect its current market value rather than its cost value.

Useful Life

The estimated period over which an asset is expected to be usable by a company before it is fully depreciated.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.