original cost


The total costs associated with the purchase of an asset, for accounting purposes.

Use original cost in a sentence

The original cost of the item was not that high and I knew we could afford it with what we had at the moment.

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The original cost of obtaining ownership of the asset were recorded in the accounting books according the the generally accepted accounting principles.

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We had to dig deep in the books to find out the original cost, and we were surprised that it was as low as it was considering what the market was looking like at the time we acquired the asset.

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historical cost depreciation declining balance method