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 ?
Everton's shares are only occasionally traded in a bilateral marketplace through Liverpool stockbroking firm Blankstone Sington, which reports historic prices for Everton share trades on their website, but does not quote offer and bid prices to buy and sell shares.
Total quantity or scope: The contract values give a good indication of the expected scale of the contract (based on historic prices and volumes).
Historic prices and trends are sufficient to produce such a petrol band of prices, whether based on five, 10, 15, 20 or even 25 years of historic data.
Specifically, for years prior to 2009 included in our 19 straight years of at least 100 percent replacement, reserves are determined using the price and cost assumptions we use in managing the business, not the historic prices used in SEC definitions.
Jeff Clark, senior editor of Casey Research, puts the current high price into context by looking at historic prices.
He asserted that the era of cheap oil was over, adding that current oil prices were unrealistic when compared with historic prices and a higher oil price was needed to guarantee investment in new capacity "which is one of the solutions for supply security".
We accomplished these goals while prudently managing our natural gas processing business by hedging approximately 75% of our equity NGL production at NGL prices that were significantly lower than the historic prices that were experienced during most of 2008.
If Andrew "Freddie" Flintoff (left) and Co finish the job at The Oval the historic series could lead to historic prices for related memorabilia.
With oil reaching historic prices why should natural gas prices not follow the leader?
posted a 15 percent increase in revenues for 1999 and set a record for revenue growth in the first quarter of 2000, the Van Buren truckload hauler also was swept up in an industry that changed drivers like oil filters and rang up historic prices at the nation's diesel pumps.
MarketEdge's company information section also contains industry reports, historic prices, and a screening service.
Jeff Clark, senior editor of Casey Research, puts the current "high" price into context by looking at historic prices.

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