original cost

Original Cost

All of the costs directly associated with acquiring an asset and putting it into use.

Notes:

The type of costs involved vary according to the type of asset. If this is machinery, original cost might include transport to your facility. If this is a security, the original cost may include commissions or related fees.

See also: Acquisition Debt, Assessed Value, Cost Basis, Expense, Internal Revenue Service (IRS), Moving Expenses, Net Proceeds, Write-Off

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original cost

See historical cost.