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historic cost

   Also found in: Financial, Wikipedia 0.01 sec.

historic cost

Practice of using the original cost of an asset as a method of valuation. Entries in historical cost accounting reflect the original cost of the asset to the organization, less, in the case of fixed assets, depreciation.



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? Mentioned in ? References in periodicals archive
 
Indeed, many would argue that the ability to evaluate the financial performance of a company is far easier when fair value, rather than historic cost principles, are applied.
Industry standards can then provide the historic cost of this land improvement.
Consider the example of one corporation ("Holding") that acquires the stock of another corporation ("Target") for less than (or more than) the historic cost of Target's assets.
 
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