The amount paid to acquire an asset is known as its:historical costmarket costcurrent costpresent value

The amount paid to acquire an asset is known as its historical cost.

Here's why:

1. The historical cost of an asset is the original monetary value of the asset, as recorded on the balance sheet. It is the purchase price or construction cost of the asset.

2. This cost does not change over time, even as the market value of the asset fluctuates. This is in line with the historical cost principle, which states that an asset should be recorded at its cost at the time of purchase.

3. Market cost, current cost, and present value are different concepts. Market cost refers to the current price at which an asset can be bought or sold in the marketplace. Current cost is the cost that would be incurred if the same asset were acquired in the current period. Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

So, the amount paid to acquire an asset is known as its historical cost.