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 classic literature ?
In a note-book we jotted down, as had been our custom, details that would be of historical value later.
We must take good care of it; its historical value is incalculable.
'During the search, objects related to the commission of criminal offenses were found, such as number of metal objects that are associated with items of archaeological, cultural or historical value (various arrows, spearheads, axes, small statues and various figures, ancient coins, etc.), metal detector, and documentation related to the sale and delivery of these items abroad,' it is said in a statement from the RS MoI.
Cars are no longer allowed to pass over the structure due to its historical value and fragility.
Keeping in line with tradition and heritage has always been the hotel's strongest focus and an event which has been around for so long deserves a special cultural and historical value addition.
There are many places like Venice, there is even a replica in the United States, but the event here has a historical value.Some say the carnival in Venice must be seen at least once in life.
I wish someone would step up to fix this bridge and save its historical value.
Highlighting the two-fold objectives, he said the first objective was to open up these public buildings with historical value for the public, who were the real owners of these buildings.
The Prime Minister said buildings with historical value, religious places and other tourism sites, spread across the country, carry huge tourism potential that needs to be introduced to the world.
They dealt with unprecedented challenges which threat historical and archaeological sites under the current exceptional circumstances and the exploitation by some persons to serve their personal interests without regard to the historical value or national importance of these sites.
7 (Petra)--Irbid Preventive Security Department personnel arrested a suspect with ancient artefacts in his possession and sent the seized items to the Department of Antiquities to determine their historical value. Spokesperson of the Public Security Directorate Lieutenant Colonel Amer Sartawi said in a statement on Monday that the Preventive Security Department's personnel in Irbid have been following up for some days information about the possession of a person to a collection of antiquities in his house in the Hawara area in Irbid Governorate.
'Because the inscription has great historical value and heritage, we've displayed it for visitors to see directly,' he said.

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