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 ?
Maps of the Danube river basin and provinces of Franciscans and Jesuits have not only significant cultural but also historic value.
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.
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.
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.
Genevieve as a national park will underscore its significant historic value and allow more visitors to experience French colonial life and gain a deeper appreciation for our states rich heritage.
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.
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.
It is understood art and architecture of historic value have been destroyed in the flames.
Our proposals show how the building could become an important part of the regeneration of Birmingham's waterside while also maintaining the building's character and historic value.
Aquino also visited the old and dilapidated bridge, for which the Pamplona town council had petitioned the National Historical Institute to preserve because of its historic value to villagers.

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