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.
He said that Azerbaijan has an ancient history and traditions, adding that Azerbaijan is doing everything possible to protect cultural and historical values not only in the country, but also on a global scale.
Dr Qibla Ayaz asked students to adopt the positive characteristics of the globalisation and retain the rest of their own historical values. He said that Higher Education Commission and the policymakers acknowledged that steps should be taken for making the campuses places of peace and harmony.
Apart from transit-oriented hotels, Bondoc also emphasized the opportunities in building hotels with historical values.
In addition, this latest release enables 3D modelling and rendering, reporting based on historical values of objects and changes made to objects, multi-factor TOTP authentication and automated cable length calculations.
According to the Uzbek legislation, the finder of historical values receives 25% of their value if he or she passes the discovery to the state.
The students were apprised of the historical values of archaeological sites of Takhtbai and given a lecture about the importance of preservation of archaeological assets.
The Minister of Finance lauded the bilateral relations binding the two sisterly countries, describing the relations between the two countries as historical and emanate from common religious, cultural and historical values.
"The Ohrid Agreement is not a simple political pamphlet for daily-political goals but a document with historical values," stated Ahmeti.
PORSCHE'S latest Boxster Spyder certainly weaves a complex web by reflecting both historical values and futuristic performance in one superbly engineered package.

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