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 ?
Global oil market experienced a historic price fall as US oil prices fell below $40 a barrel on Aug.
Technical analysis is the art of forecasting the future price of a trading instrument based on (its) historic price.
In their rush to exploit the liquids-rich resource, producers took note of the historic price differential of oil vs.
In the case of Namibia Shiimi ya Shiimi explained, "NCPI only captures historic price movements monthly on a year to year basis.
Also much historic price data shows substantial increases in the cost of crude oil between 2007 and 2012 upwards of 45%, supporting the OFT's argument.
Basically, the fund's investment objective is patterned after the historic price trends.
At the close Russia-30 again reached new historic price maximums with 124.
The historic price of the choice between action and inaction is nearly 50 million human lives over the next 40 years," he added.
As shown in the Figure, this cost disadvantage has been reflected by changes in PP's historic price advantage over other polymers.
The historic price spread is a result of growing Canadian and North Dakota oil supplies backing up in and around Cushing, Oklahoma, the landlocked oil pricing hub where several big southbound pipelines end in a cul-de-sac.
This historic price shift will immediately profit iron ore miners, but it will stretch the budgets of global consumers and may lead to inflationary pressures, which in turn will either dampen consumer demand, or force central banks in increase lending rates.
Consider this example: In the late summer of 2008, a major airline hedged a substantial portion of its expected 2009 fuel purchases by locking in a large quantity of fuel at a fixed price after analyzing historic price trends and future predictions.
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