historical cost

historical cost
noun
1. : a cost computed after production from records made concurrently with various steps of production — contrasted with predetermined cost and standard cost
2. : the value at which a capital asset is recorded on the books representing the outlay of money or its equivalent given in exchange at the time of acquisition

depreciation is based on historical cost rather than on replacement value

3. : the original cost of a property in a public utility

* * *

historic cost or historical cost noun (accounting)
The actual price paid (cf ↑current-cost)
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Main Entry:history

Useful english dictionary. 2012.

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Look at other dictionaries:

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  • historical cost — Describes the accounting cost carried in the books for a current cost of the item. Bloomberg Financial Dictionary * * * historical cost historical cost ➔ cost1 * * *    The original cost of a company s assets, as distinct from replacement cost. * …   Financial and business terms

  • Historical Cost — A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical cost method is used for assets …   Investment dictionary

  • historical cost — A method of valuing units of stock or other assets based on the original cost incurred by the organization. For example, the issue of stock using first in first out cost or average cost charge the original cost against profits. Similarly, the… …   Accounting dictionary

  • historical cost — įsigijimo savikaina statusas T sritis Gynyba apibrėžtis Išlaidos, kurios turto įsigijimo atveju registruojamos tikrąja įsigijimo verte, o įsipareigojimo atveju – laukiama būsimojo atsiskaitymo verte. atitikmenys: angl. historical cost ryšiai:… …   Lithuanian dictionary (lietuvių žodynas)

  • Historical cost depreciation — снижение первоначальной стоимости активов в результате износа. Синонимы английские: Historic cost depreciation См. также: Амортизация Финансовый словарь Финам …   Финансовый словарь

  • historical cost accounting — UK US noun [U] ACCOUNTING ► HISTORIC COST ACCOUNTING(Cf. ↑historic cost accounting) …   Financial and business terms

  • historical-cost accounting — A system of accounting based on the principle that assets should be valued at historical cost It is relaxed to some extent by such practices as the valuation of stock at the lower of cost and net realizable value and, in the UK, revaluation of… …   Big dictionary of business and management

  • historical-cost accounting — A system of accounting based primarily on the original costs incurred in a transaction. It is relaxed to some extent by such practices as the valuation of stock at the lower of cost and net realizable value and, in the UK, revaluation of fixed… …   Accounting dictionary

  • historical-cost convention — A convention under which assets are carried in the books of account at their historical cost. See also: modified historical cost convention …   Accounting dictionary

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