historic cost
noun[C]
ACCOUNTINGukus(alsohistorical cost)thecostorvalueof something at thetimeit wasbought:
Theimportantthing tonoteabout thebalancesheetis that thefixedassetscontinueto beshownattheirhistoriccost.
Examplesofhistoric cost
historic cost
They have at best anhistoriccost, but this cost does not apply to inventories of new output produced.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In case of revaluation of specific assets of a class, while some assets will be shown at a revalued amount others will be shown athistoriccost.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This required that tradable assets such as mortgage securities be valued according to their current market value rather than theirhistoriccostor some future expected value.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Estimates for net average capital employed by manufacturing companies are not readily available on ahistoriccostbasis.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I am thinking of places where rents are low forhistoriccostreasons.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It has to show, under government direction, a rate of return equivalent to 15 per cent. on ahistoriccostbasis.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The answer to the first question is that the 14 per cent. is based onhistoriccost.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Is it because the cost of replacement is so much higher than the originalhistoriccost?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
We had a lone series of definitions ofhistoriccostearly in the debate.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
On the other side of the page there is depreciation, and depreciation is supposed to be based uponhistoriccost.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.