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Yes. Historical cost is the cost of acquiring an asset.
Book value of the same asset can be, for example:
Histrocal cost - Accumulated depreciation/amortizition
Note:
-There is different methods to assign value to an asset in the balance sheet
- A the time of acquisition Histical value = Book value becuase there is no Acc depreciation counted yet
There is a difference. Historical cost is the cost at which the asset was procured. Book value is the depreciated cost.
