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 ?
Specifically, for years prior to 2009 included in our 19 straight years of at least 100 percent replacement, reserves are determined using the price and cost assumptions we use in managing the business, not the historic prices used in SEC definitions.
However, as the overall quality characteristics (product mix) of the gems placed on offer at this auction were somewhat different to those placed on offer at the earlier auction, the results reflect a pleasing increase in per carat prices when looking at the underlying lots on a quality-for-quality basis and the historic prices achieved for goods of a similar nature.
Jeff Clark, senior editor of Casey Research, puts the current high price into context by looking at historic prices.
From Roosevelt Baths & Spa packages for two to family vacations and romantic getaways, we're offering a wide range of packages - and historic prices - to celebrate our 75th anniversary.
Time series modeling analyzes patterns in historic prices and is particularly useful in short-term forecasts.
If Andrew "Freddie" Flintoff (left) and Co finish the job at The Oval the historic series could lead to historic prices for related memorabilia.
With oil reaching historic prices why should natural gas prices not follow the leader?
posted a 15 percent increase in revenues for 1999 and set a record for revenue growth in the first quarter of 2000, the Van Buren truckload hauler also was swept up in an industry that changed drivers like oil filters and rang up historic prices at the nation's diesel pumps.
Jeff Clark, senior editor of Casey Research, puts the current "high" price into context by looking at historic prices.
Management will continue to operate the mine while it generates positive cash flow, recognizing that the MAX Molybdenum Mine was originally designed to operate at historic prices.
Time series modeling analyses patterns in historic prices and is particularly useful in short-term forecasts.
assume that the price will remain at a healthy level over historic prices as

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