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historical cost

   Also found in: Wikipedia, Hutchinson 0.04 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.
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And our ready production lines mean we can deliver an affordable product with Lockheed Martin's historical cost credibility.
TEXTRON TO MAKE DEVICES TO CONTROL COPTER ROCKETS by Daily News (Los Angeles, CA)
In the absence of historical cost records, estimate corporate effort to re-create the in-process research and development, including:
Valuing IP Post-Sarbanes-Oxley: it's no longer a matter of making a ... by Banham, Russ / Journal of Accountancy
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.
Fair value accounting by Federal Reserve Bulletin
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