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.
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 ?
The discovery of this monument further affirms the historic value of the Djerid region and the presence of the Christian religion in Tunisia's different regions, especially in the south, he pointed out.
Lorne said: "These medals have enormous historic value for the UK, as well as personal value to my family.
Lorne Thyssen-Bornemisza said: "These medals have enormous historic value for the UK, as well as personal value to me and my family.
The plans include some exemptions for items which do not contribute to the poaching of elephants, including musical instruments such as pianos with ivory keys, items containing only a small proportion of ivory and those which have historic value.
About three years ago, I approached Newspapers.com to see if they were interested in the historic value offered by our archives due to our proximity to gold discovery and the Indian wars of the West, and they were.
It is home to a number of key attractions, which include the Trabzon Muzesi, artefacts of artistic and historic value and the Soumela Monastery, which is built into a cliff face and decorated with frescoes, among others.
Network Rail has applied to Liverpool council for consent to alter the Grade IIlisted building, but says alterations will have minimal impact on its historic value.
The owners of the house, who knew they had a problematic property but also realized its historic value for neo-Nazis, refused for decades to sell it to the state and therefore Austria had rented it from them at full price rent over the years.
Furthermore, the development will take into consideration the special characteristics of the area, along with their historic value to the country and its people.
"The people behind the Metro extension claim it's OK since new trees will be planted but this is unacceptable since it ignores the historic value of this tree.
The inscription comes in recognition of these sites' historic value for the world.
It is understood art and architecture of historic value have been destroyed in the flames.

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