Asset valuation has been discussed in the accounting and economic literature for most of the twentieth century. In the literature, discussions ranged from advocating only historical costing to the use of current value accounting exclusively. This paper traces the development of theoretical and pragmatic discussions on the topic of asset valuation.
Racliffe, Thomas A. (Thomas Arthur) and Munter (1952-), Paul
"Asset valuation: An historical perspective,"
Accounting Historians Journal: Vol. 7
, Article 7.
Available at: https://egrove.olemiss.edu/aah_journal/vol7/iss1/7