historical cost


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.

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

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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.

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net plant and equipment historical cost accounting