BULLION
Precious metals such as gold and silver that is at least 99.5% pure and in the form of bars or ingots. In creating bullion, the metal must be discovered by mining companies and remove it from the earth in the form of gold ore, hybrid of gold and mineralized rock. Then, the gold is taken out from the ore using chemicals of extreme heat, resulting to parted bullion. Bullion with more than metal is called unparted bullion.
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Original Cost
It simply refers to the total cost associated in buying an asset.
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