accounting principle that requires that all assets included on a company’s
balance sheet be based on the original, or acquisition, cost. Items are
depreciated as needed.
"historical cost." YourDictionary, n.d. Web. 20 August 2018. <http://www.yourdictionary.com/historical-cost>.
historical cost. (n.d.). Retrieved August 20th, 2018, from http://www.yourdictionary.com/historical-cost