The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

HISTORICAL COST Definition & Legal Meaning

Definition & Citations:

1. the original cost of an asset that a firm records on the books. It can be changed in the UK and Netherlands. Germany and the US forbids this. 2. money spent to keep up operations in a firm. Inflation is not taken into account as well as replacement cos


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