However, it's not part of the generally accepted accounting principles (GAAP) and can only be used for internal management decisions. Cost accounting captures a company's total production costs ...

Cost accounting is a business tool used by management ... Fixed costs are associated with the basic operating and overhead costs of a business. They include items such as building rent, utilities ...

They're now appraised at a market value of $50 million. If the company uses mark-to-market accounting principles, then the cost of the properties recorded on the balance sheet rises to $50 million ...