historic cost

historic cost historic cost cost1

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historic cost UK US noun [C] (also historical cost) ACCOUNTING
the cost or value of something at the time it was bought: »

The important thing to note about the balance sheet is that the fixed assets continue to be shown at their historic cost.


Financial and business terms. 2012.

Look at other dictionaries:

  • historic cost — or historical cost noun (accounting) The actual price paid (cf ↑current cost) • • • Main Entry: ↑history …   Useful english dictionary

  • historic cost — /hɪˌstɒrɪk kɒst/, historical cost /hɪˌstɒrɪk(ə)l kɒst/ noun the actual cost of purchasing something which was bought some time ago …   Dictionary of banking and finance

  • historic cost accounting — UK US noun [U] (also historical cost accounting) ACCOUNTING ► a method of accounting that uses the original cost of something, with no changes made for inflation …   Financial and business terms

  • historic costs accounting — The carrying of assets in the balance sheet at their original (or historic) cost. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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