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 ?
Both policies are entirely consistent with the historic values of the Labour Party, values apparently long forgotten by the current management.
Its purpose is to assure that Tuscarora Academy will be retained in perpetuity as a public history museum/historic site and for the preservation of its historic structures and landscape and to prevent any uses that would be inconsistent with the historic values of Tuscarora Academy.
Build in 1935, the temple named 'Maharishi Walmeck Sawami Jee temple' famous as 'Balaknash Temple' is situated in Gracy lines and is not only hub of religious activities of Hindu community from Rawalpindi but also enjoys historic values, as it was constructed pre-partition.
Sadly, their principled stances have marked them as a target for harassment by homosexual activists and corporations such as UPS which are working to pressure the Boy Scouts into abandoning their historic values.
The Bank will adhere to its strategic direction based on its historic values when it comes to operations, policies and prudent financial practices.
A society that embraces its historic values and identity will always stand on its feet, Erdogan also said.
Owners need to balance the potential impact that an increase in tax rates could have on any decision to wait, in the hope that historic values return.
The exhibition is to be aimed at promotion and propagation of cultural awareness towards the importance of archaeology and the historic values of social mores and traditions.
It is little wonder, therefore, that the Government is now considering taking steps to develop the 'British Story', underlining this country's historic values of freedom, fairness, tolerance and plurality.
housing, were deemed to be ``extremely overvalued'' based on median sales prices, median income, population and historic values.
Our goal is to provide materials for churches that will educate readers in some of the finest and most defining historic values of Baptists.
In between these two organizations is the DEM which, according to Denise Morrissey of the Walden Pond State Reservation, aims to preserve a balance between the conservation and historic values of Walden and the active recreational uses of Walden Pond and Walden Woods for swimming, boating, fishing, picnicking, hiking, and crosscountry skiing.

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