historical cost

historical cost (plural historical costs)

1. (accounting) The original nominal monetary value of an economic item; the value at which an item was acquired by a company and was entered in its books.

   Synonym: acquisition cost

   Coordinate term: fair value

• “historical cost”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.
• “historical cost” in Longman Dictionary of Contemporary English, Longman.
• “historical cost”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.