original cost


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Original Cost

The total cost of a transaction after commissions, interest rates, and other expenses. For example, a student loan has a principal and interest rate, but the original cost may include an origination fee, a federal default fee, and other expenses. Physical assets also have original costs: one must buy the asset, transport it to where it needs to be, and perhaps pay start-up fees to begin to use it.

original cost

original cost

The cost to the current owner. Contrast with historic cost, which is the original construction cost.

References in periodicals archive ?
In May 1991, the overrun with respect to the original cost was over 62 per cent.
Outpatient payment for therapies and home care has been based on the original cost reports, fueled by the cost-plus reimbursement strategies of Medicare and Medicaid.
Shares, when sold, may be worth more or less than their original cost.
The recovery program was completed $1 billion under its original cost estimate and four months ahead of its originally estimated schedule.
Most jurisdictions do not permit an asset to be depreciated below 20% - 25% of its original cost, therefore, property tax will continue to be paid annually until an asset is removed from the taxpayer's financial records and property tax return.
Officials attributed the delays and cost increases to a number of factors, including poor oversight of construction by a prior hospital administration, changes made because of new government regulations and excessively low original cost estimates.
In 1935 the Nielmo Realty Corporation of its original cost.
Both cities assessed the taxpayer's mainframe computers and peripheral equipment using multipliers developed by the state tax commission, which based the assessment on original cost less scheduled depreciation.
Officials attributed the delays and cost increases to a number of factors, including poor oversight of construction by hospital officials, changes made because of new government regulations and excessively low original cost estimates.
It assisted taxpayers who, under normal circumstances, rarely (if ever) keep adequate records of the original cost of most items in their homes, and who would likely be unable to determine if the sale of household contents was for a gain or loss.
The original cost to build the intersection of 70th Street East and Palmdale Boulevard was expected to be less than $72,000.
3 million; Original cost of home: $400,000; Gain on the sale: $900,000; Exclusion for couple filing jointly: $500,000; Taxable gain: $400,000; Tax rate: 20 percent; Tax: $80,000.

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