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Once recorded, an asset stays on the books at its:

AHousehold cost
BHourly cost
CHazard cost
DHistorical cost
Answer & Solution
Correct answer: D. Historical cost
1. Market prices may rise or fall. 2. The recorded figure does not follow them. 3. It stays at historical cost. _Source: OpenStax Principles of Accounting Volume 1, Chapter 3, Analyzing and Recording Transactions._
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