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 ?
All three of these hold a significant historic value and are an integral part of the heritage of the Gulf region.
The volume value is calculated on the historic value and amounts to about 500T SEK / year.
MULTAN -- A 250 year old Azeem Shah Wala 'tazia', has been preserved owing to its historic value, but a newly made replica (tazia) of the shrine of Imam Hussain AS would be taken out on 9th of Moharram from an Imambargah outside Dehli gate here.
Both Historic England and the Victorian Society opposed the demolition of the site, claiming historic value.
Titans specializes in collecting and trading unique pieces of historic value bearing authentic autographs of legendary heroes from the fields of sport, music and culture.
That's the historic value of this new standard: taxpayers and policymakers will finally see the true price tag for economic development.
Prince Sultan bin Salman, chairman of the Saudi Commission for Tourism and National Heritage (SCTNH), said: "Global recognition for the huge historic value of this global heritage site will reflect positively on the whole Hail region.
He said: "We think this building has historic value to the city of Liverpool.
A PROPOSAL to modify a 'unique' water feature would cause 'substantial harm' to its historic value, a planning appeal has heard.
It is of historic value due to the walled gardens built in the late 18th century.
The video material of significant historic value will be used for CyBC's productions, the broadcaster announced.
It has historic value to the village and I hope it can be repaired and restored.

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