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Historical cost

An Accounting principle requiring all Financial statement items to be based on Original cost.

Related Terms: 8 Account, Accounting, Base, Financial statement, FIN, Inc., Original cost, Ring
Other Related Pages: Category: Accounting Starting With: H
Additional Related Terms: 10-Q, Accelerated Cost Recovery System, Account, Accounting, Accounting equation, Account statement, Accredited Personal Financial Planning Specialist, Accrual basis accounting, Acquisition cost, Average accounting return