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historical cost

   Also found in: Wikipedia, Hutchinson 0.09 sec.
Historical cost
Describes the accounting cost carried in the books for a current cost of the item.

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.

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.


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And our ready production lines mean we can deliver an affordable product with Lockheed Martin's historical cost credibility.
In the absence of historical cost records, estimate corporate effort to re-create the in-process research and development, including:
Others, however, believe that historical cost provides a more useful measure because it more clearly represents the economics of business performance and because fair value estimates may not be reliable or verifiable.
 
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