historical cost

(redirected from Historic Values)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"It represents their great historic values stated in the constitution," added the ministry.
Tribune News Network Doha Qatar Railways Company held a ceremony to mark Qatar National Day with several activities focusing on the country's historic values and cultural customs at its headquarters in Al Sadd area.
We need, more importantly, to face the issues that have been badly neglected and get back to the historic values Labour provided - to improve the NHS, fairer and safer working practices and a fairer distribution of wealth.
The conference was hosted by the Chinese government to review the historic values of the Silk Road and its pivotal role as the venue for convergence of cultures from all over the world.
It focuses on understanding the underlying motivations and social contexts in which homeowners invest in the ohistoric preservationo of their properties and the ramifications of promoting aestheticized historic values in the public arena.
Both policies are entirely consistent with the historic values of the Labour Party, values apparently long forgotten by the current management.
According to the explanatory note to the bill, it is aimed to protect traditional family, human, moral and historic values of the Kyrgyz society via restriction of spread of information shaping positive attitude to non-traditional forms of sexual relations.
Build in 1935, the temple named 'Maharishi Walmeck Sawami Jee temple' famous as 'Balaknash Temple' is situated in Gracy lines and is not only hub of religious activities of Hindu community from Rawalpindi but also enjoys historic values, as it was constructed pre-partition.
The Bank will adhere to its strategic direction based on its historic values when it comes to operations, policies and prudent financial practices.' Mr.
A society that embraces its historic values and identity will always stand on its feet, Erdogan also said.
It is little wonder, therefore, that the Government is now considering taking steps to develop the 'British Story', underlining this country's historic values of freedom, fairness, tolerance and plurality.

Full browser ?