historical cost

Definition

Use historical cost in a sentence

The actual value of the company's property, plant and equipment far exceeds the historical cost as reflected on its balance sheet.

​ Was this Helpful? YES  NO 6 people found this helpful.

The historical cost principle was strictly adhered to despite the underlying value of the goods changing in prices over the years.

​ Was this Helpful? YES  NO 7 people found this helpful.

Even if the statute of limitations has past for a tax return, its a good idea to keep documents on any purchases you make so you can document your historical cost of your investments.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
capital net worth net plant and equipment