historical cost

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Historical cost

Describes the accounting cost carried in the books and reflecting the cost of the item at the time it was purchased, rather than its current value.

Historical Cost

In the Generally Accepted Accounting Principles, the original cost of an asset on a balance sheet. Many assets, particularly illiquid assets, are recorded on a balance sheet according to their historical cost. A notable exception to this rule is the recording of marketable securities, which are recorded according to their market value. The historical cost usually bears little or no relationship to the market value after an asset has been held for several years.

historical cost

The amount of money that was originally used to pay for an asset. A company records assets on a balance sheet at historical cost, which often bears little relation to the market value of the assets after they have been owned several years. Also called original cost.
References in periodicals archive ?
The reality is that the "growing sophistication" of cybercriminals ties directly to the historic costs we're seeing for data breaches.
The growing sophistication and collaboration of cybercriminals ties directly with the historic costs we're seeing for data breaches," said Marc van Zadelhoff, Vice President of Strategy, IBM Security.
1435 World Database Tables & Spreadsheets Covering Markets, Market forecast, Financial forecast, Financial Margins, Historic Financial, Historic Costs, Industry Norms for Each Country.
The legislation, which comes into immediate effect, will prevent gas and electricity distribution companies in particular from making new claims for historic costs dating back decades that have already been paid by their business customers.
At the inaugural annual meeting of the new business, Wrexham AFC Ltd, for the year ending June 30, 2012, Dragons' financial director Mark Williams last night told members of Wrexham Supporters Trust that with the remainder of the historic costs due to be cleared this year the club was on course for a brighter and more stable financial future.
The price Rosneft will pay for the asset is equal to the historic costs incurred by Sberbank.
In 2006, Congress increased liability limits, but for certain vessel types, the limits may still be low compared with the historic costs of cleaning up spills from those vessels.
According to historic costs, the residual value can be defined as being the estimated value of the product in dollars, at the present value of the dollars (without taking in consideration the inflation), at the end of the life-cycle of the product.
Providing one's own lender is among those passing on the full benefit, there are considerable savings to be made on the historic costs of buying.
Under fair value accounting, however, historic costs shouldn't impact the value of the recorded asset.
02) in implementing equation (5), this implies that the current replacement costs of Telecom's assets would be equal to their historic costs compounded at .
GAAP often encompasses a trade-off between reliability and relevance, using values based on historic costs to measure some items and economic values to measure others.

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