Historical cost definition
Historical cost means the actual cost incurred in
Historical cost means the actual cost incurred in acquiring and preparing a fixed asset for use. Historical cost includes such planning costs as feasibility studies, architects' fees, and engineering studies. Historical cost does not include "start-up costs" as defined in this rule.
Historical cost means the actual cost incurred in acquiring and preparing an asset for use, including feasibility studies, architect's fees, and engineering studies.
Examples of Historical cost in a sentence
Historical cost is defined by Generally Accepted Accounting Principles as the amount of cash, or its equivalent, paid to acquire an asset.
Historical cost is generally based on the fair value of the consideration given in exchange for assets.
Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.
Historical cost is generally based on the fair value of the consideration given in exchange of goods.
Historical cost includes expenditure that is directly attributable to the acquisition of the items.
More Definitions of Historical cost
Historical cost means the original cost as reported on the company's books and records.
Historical cost means the original purchase price or the cost of acquisition of capital assets at the time of acquiring the asset.
Historical cost means those costs incurred and recorded on the facility's accounting records as a result of an arm's-length transaction between unrelated parties.
Historical cost means the original purchase price or cost of acquisition of the capital assets at the time the assets were acquired.
Historical cost means the purchase price or other acquisition value, plus ancillary charges.
Historical cost means the sum of all costs that were incurred in the past to acquire or better an asset.
Historical cost means the actual cost incurred in acquiring and preparing a fixed asset for use. Historical cost includes such planning costs