In its explanation, the FBR further said that for the purpose of declaring a foreign hidden asset the cost of acquisition is the historical cost
. But that historical cost
will be worked out at today's exchange rate, which has increased the effective tax rate far higher than the announced 5% rate.
Furthermore, the tax regulator described for the purpose of declaring a hidden overseas asset, the cost of acquisition was the historical cost
Thus, assessment of transactions and events is carried out at the present time and is based, at input, on historical cost
and at output on the selling price.
Unless otherwise indicated, this report uses direct investment valued as historical cost
Confusion can arise when a company follows a policy of recognising its assets at historical cost
, rather than a policy of revaluation.
The proposed Financial Reporting Framework for SMEs (FRF-SME) was expected to be released for public comment in October and is designed to emphasize familiar ac counting concepts such as historical cost
and the matching of revenues with costs.
With a combination of unique products and some of the top consultants in the industry, Eos Group assists companies with the implementation of enterprise systems that couple historical cost
data with a standardized approach to produce accurate, defensible estimates.
INTRODUCTION: HISTORICAL COST
VERSUS MARK-TO-MARKET ACCOUNTING
The deal is valued at USD2.5m with USD825,000 in cash and USD1,675,000 of historical cost
Lately, under the pressure of investors and with help from the organizations involved in regulating accounting activities, we have witnessed a change of the traditional accounting model based on historical cost
, which has turned into an accounting model based on the fair value, which would in turn meet the requirements for maximizing share value" (Ionascu, 2003).
The Pentagon's outdated systems do not maintain needed historical cost
data, the report said.
Prior to the issuance of Statement 52, state and local government endowments were i required to report land and other real estate held as investments at historical cost
, which provides information on investment results only in the year the investments are sold.