In accounting under the traditional historical cost paradigm, historical cost is the original nominal monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In some circumstances, assets and liabilities may be shown at their historical cost, as if there had been no change in value since the date of ac...
An asset value based on the actual purchase cost, or the accounting principle that requires this....more on Historical cost
(from the article `accounting`) The historical cost of an asset is the sum of all the expenditures the company made to acquire it. This amount is not always easily measurable. If, ...
Describes the accounting cost carried in the books for a current cost of the item.
Assets, stock, raw materials etc. can be valued at what they originally cost (which is what the termThe dollar amount originally exchanged in an arm's-length transaction
Stocks of companies operating in high-technology fields.
- Original cost of an asset to an entity.
Historical cost or historical costing is the concept that assets should be valued based on their purchase price or the money actually paid for the assets.?GAAPrequires that assets be reported on the balance sheet at historical cost.