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 ?
EU: Why petroleum companies did not expand their business network despite historic price relief?
Travel retails results were pressured by the decline in spending from travelers, as well as continued volatility in foreign exchange, which has also resulted in weaker consumer demand and a reduction in the historic price gap between travel retail and local economy.
TX-AUTON also offers advanced charting tools with 20+ technical indicators which help traders to gain insights into historic price data for analysis.
Global oil market experienced a historic price fall as US oil prices fell below $40 a barrel on Aug.
Current and historic price trends, as well as the outlook for rare earths prices
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.
We cannot allow these historic price hikes to turn into a lifetime of perils.
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.

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