Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “historic cost”

historic cost

noun [C]
 
 
(also historical cost) ACCOUNTING
the cost or value of something at the time it was bought: The important thing to note about the balance sheet is that the fixed assets continue to be shown at their historic cost.
(Definition of historic cost from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of historic cost?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “historic cost”

Word of the Day

roost

When birds roost, they go somewhere to rest or sleep.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More