Unamortized Cost

Unamortized Cost

The historical cost of an asset (which is what the owner originally paid for it) less its total depreciation (which is the portion of value removed each year for accounting purposes) up to that point. That is, the unamortized cost of an asset is the value of the asset that has not yet been subtracted for depreciation. This affects the owner's net asset value, but the unamortized cost often has only a rough relationship with the asset's actual fair market value.
References in periodicals archive ?
The landlord may not recover the unamortized cost of tenant improvements paid for by the landlord.
If a tenant had a five year lease and left at the end of three years, he would pay any unamortized cost.
For acquired film libraries, an entity must disclose the amount of unamortized cost that remains, the method of amortization, and the amortization period being used.
unperformed repair obligations) or require the guarantor to reimburse the landlord for transaction costs in connection with the lease, including the unamortized cost of rent concessions, leasing commissions or tenant improvement allowances.
Although desirable, cancellation options are usually granted only to larger tenants since landlords typically want to lock in their tenants for as long as possible; they normally require the tenant to pay the unamortized cost of the build-out, free rent and brokerage commissions plus some part of the remaining rent.
As a consequence of this decision, the Company has written down the unamortized cost allocated to the merchant account in the Sureal asset purchase by $378,721.
in December 1998 and the unamortized cost of customer displays.
If the partnership completely disposes of the trade or business for which the costs are incurred (in the case of startup expenses) or liquidates (in the case of organizational expenses) before the 180-month period ends, any unamortized costs are deductible at the time of the disposition or liquidation.
But they chose to amortize the retrofit of the space over 10 years, pledging to pay all unamortized costs if they do not renew after the initial seven-year term (which is big $$
The company, Centre Tech III, had requested $13,582 to pay for unamortized costs of refinishing the property and the unamortized balance of a real estate commission.
2 million impairment expense reflects unamortized costs associated with the acquisition, development and implementation of the system.