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The amount of cash paid in acquiring an asset is called what?

1. Present Value

2. Net Realizable Value

3. Historical Value

4. Current Replacement Cost

Accounting Financial Reporting Financial Accounting Accounting and Finance
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Question added by Imdad Hussain Rajput , Assistant Sales Manager , Forego
Date Posted: 2015/08/08
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Mohsin Patel
by Mohsin Patel , Accounting Analyst , Water G.

Present value, I'm not sure PV takes account of costs and discounts associated with the purchase of the asset but just benchmark of the current value. Maybe someone can clarify?

MUHAMMAD AHMAD
by MUHAMMAD AHMAD , ACCOUNTS OFFICER , ALI ENTERNATIONAL/ J-R RAISING

is called present value is answer

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