what difference between current cost and current value?

Answer Posted / manojs

current cost is the cost which is incurred to replace a
assets
current value is the value of the asset today in the
market. as known as fair market value

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Being BE student why you want to join bank?

1874


HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

1691


I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

3770


the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.

1540


what is general HR?

1631






We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

1603


what is cost accountinp

1745


hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

1905


Give a brief explanation of the fundamental accounting concept of prudence

1723


Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?

1600


how will i develop my fears in interviewd?

1589


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

1646


you went outside to purchase vegetagles, suddently big rain came then what you will do

1654


1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

1385


Process of the settlement cycle?

1625