Historical cost definition

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

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 includes expenditure that is directly attributable to the acquisition of the items.

• 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 for assets.

• Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

• Historical cost includes expenditure that is directly attributable to the acquisition of the items.Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably.

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 actual cost incurred in acquiring and preparing a fixed asset for use. Historical cost includes such planning costs

Historical cost means the cost incurred by the present owner in acquiring the asset, subject to the limitations specified in 42 CFR 413.134(j).

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 construction cost of a capital asset including any ancillary charges.