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historical cost
the amount originally paid for the asset.
amortized cost
historical cost adjusted for depreciation, amortization, depletion, and impairment
current cost
the amount the firm would have to pay today for the same asset.
net realizable value
the estimated selling price of the asset in the normal course of business minus the selling costs.
present value
the discounted value of the asset’s expected future cash flows.
fair value
the price at which an asset could be sold, or a liability transferred, in an orderly transaction between willing parties .
