The cost today of purchasing an asset identical to the one currently held is called a(n):
A)actual cost
B)current cost
C)dual cost
D)fixed cost

Question

Quizplus · Accepted Answer

The correct term for the cost of purchasing an identical asset to the one currently held is the current cost. Actual cost refers to the historical cost of acquiring the asset, dual cost is not a recognized term, and fixed cost refers to a cost that remains unchanged regardless of changes in production or sales levels.

The Cost Today of Purchasing an Asset Identical to the One