historical cost
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English
Noun
historical cost (plural historical costs)
- (accounting) The original nominal monetary value of an economic item; the value at which an item was acquired by a company and was entered in its books.
- Synonym: acquisition cost
- Coordinate term: fair value
Translations
original value
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Further reading
- “historical cost”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.
- “historical cost” in Longman Dictionary of Contemporary English, Longman.
- “historical cost”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.