unexpired cost

unexpired cost definition - business

unexpired cost

The future benefits that remain from ownership of an asset being used in the production process. Unexpired cost for an asset is equal to historical cost less accumulated depreciation. This measure of cost is primarily used for financial reporting purposes within the firm. Compare expired cost.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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