Historic cost

Edwin Whiting

Chapter 13 in A Guide to Business Performance Measurements, 1986, pp 163-171 from Palgrave Macmillan

Abstract: Abstract From 1921 to 1939 there was no inflation. Retail prices actually fell during the 1920s and remained almost stable during the 1930s. In those days there was only one cost convention. The cost of a machine was what you paid for it, and so it would remain.

Date: 1986
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DOI: 10.1007/978-1-349-07472-3_13

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