historic cost Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “historic cost” in the English Dictionary

"historic cost" in Business English

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historic costnoun [C]

uk   us   (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 ​fixedassets continue to be shown at their ​historiccost.
(Definition of historic cost from the Cambridge Business English Dictionary © Cambridge University Press)
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