The term historical cost describes the original cost of an asset at the time of purchase or payment as opposed to its saleable value, replacement value or value in present or alternative use.
Example Usage of Historical
olskoolCat: Uh Oh!.. My first tweet ever! This is Historical people..Mark you calenders..U'll be telling you grandkids about this..
topix_wa: Bainbridge Island Historical Museum curator Rick Chandler holds an... - http://bit.ly/6oFNtE #Orcas #Washington
