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historical cost

An accounting principle requiring all financial statement items to be based on original cost.

Related information about historical cost:
  1. Historical cost - Wikipedia, the free encyclopedia
    In accounting, historical costs is the original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In some ...
     
  2. Historical Cost Definition | Investopedia
    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 ...
     
  3. What is historical cost? | AccountingCoach.com Q&A
    Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term.
     
  4. Historical cost
    Historical cost accounting is an approach to accounting using asset values based on the actual amount on money paid for assets with no inflation adjustment.
     
  5. Historical Cost Vs. Current Cost: Accountants Wrestle with Reporting ...
    Apr 25, 2001 ... Historical Cost Vs. Current Cost: Accountants Wrestle with Reporting Question by Knowledge@Wharton, the online business journal of the ...
     
  6. Historical Cost - Financial Dictionary - The Free Dictionary
    Historical Cost. Also found in: Acronyms, Wikipedia, 0.02 sec. Historical cost. Describes the accounting cost carried in the books and reflecting the cost of the ...
     
  7. What is historical cost? definition and meaning
    Definition of historical cost: Accounting: Original cost of an asset, as it is carried on the books of a firm. In the UK and Netherlands, certain modifications to the ...
     
  8. Historical Cost Accounting Versus Current Cost Accounting | Nur ...
    "The issue of assets and income valuation has long been a contentious issue for accounting standard setters and capital market regulators. In essence ...