Historical Cost in a sentence
Synonym: original cost, purchase price. Antonym: current value, market price
Meaning: The original cost of an asset, recorded at the time of purchase.
(1) The historical cost of the building was $500,000.
(2) The company values its inventory at historical cost.
(3) Historical cost is an important concept in accounting.
(4) Historical cost is a reliable method of valuing assets.
(5) Historical cost is a widely accepted accounting principle.
(6) Historical cost is an objective measure of an asset's value.
(7) The cost principle is based on the concept of historical cost.
(8) The financial statements are prepared based on historical cost.
(9) The historical cost of the equipment was recorded in the books.
(10) Historical cost is used to determine the value of fixed assets.
Historical Cost sentence
(11) The company's plant assets are recorded at their historical cost.
(12) The historical cost of the land was recorded on the balance sheet.
(13) The historical cost of the building was adjusted for depreciation.
(14) The company's capital assets are recorded at their historical cost.
(15) Historical cost is used to determine the initial value of an asset.
(16) The company's tangible assets are recorded at their historical cost.
(17) The cost estimating process involved analyzing historical cost data.
(18) The company's permanent assets are recorded at their historical cost.
(19) Historical cost is an important consideration in financial reporting.
(20) The historical cost of the machinery was expensed over its useful life.
Historical Cost make sentence
(21) The historical cost of the vehicle was recorded in the company's books.
(22) The historical cost of the equipment was expensed over its useful life.
(23) The historical cost of the land was adjusted for any impairment losses.
(24) The historical cost of the equipment was written off due to obsolescence.
(25) The company's balance sheet shows the historical cost of its investments.
(26) The historical cost of the machinery was depreciated over its useful life.
(27) The historical cost of the vehicle was expensed as depreciation over time.
(28) The historical cost of the equipment was used to determine its book value.
(29) The company's balance sheet showed the historical cost of its fixed assets.
(30) The historical cost of the investment was recorded at the time of purchase.
Sentence of historical cost
(31) The company's auditor verified the historical cost of the company's assets.
(32) The financial statements were prepared using the historical cost principle.
(33) The historical cost of the inventory was adjusted for any impairment losses.
(34) The historical cost of the machinery was adjusted for any impairment losses.
(35) The historical cost of the inventory was determined at the time of purchase.
(36) The historical cost of the vehicle was recorded in the fixed asset register.
(37) The plant assets are recorded at their historical cost on the balance sheet.
(38) Long-term assets are reported at their historical cost on the balance sheet.
(39) Historical cost is the original cost of an asset at the time of acquisition.
(40) Noncurrent assets are recorded at their historical cost on the balance sheet.
Historical Cost meaningful sentence
(41) The historical cost of the investment was adjusted for any impairment losses.
(42) The historical cost of the company's patents was reviewed for any impairment.
(43) The company's financial statements reflect the historical cost of its assets.
(44) The historical cost of the equipment was higher than its current market value.
(45) Non-current assets are reported on the balance sheet at their historical cost.
(46) Non-current assets are recorded at their historical cost on the balance sheet.
(47) The company's financial records indicate the historical cost of its inventory.
(48) The company's auditor verified the historical cost of the company's liabilities.
(49) The historical cost of the raw materials was included in the cost of goods sold.
(50) The historical cost of the company's inventory was adjusted for any write-downs.
Historical Cost sentence examples
(51) The historical cost of the land was revalued to reflect its current market price.
(52) The company's assets were reported at their historical cost on the balance sheet.
(53) The historical cost of the company's inventory was adjusted for any obsolescence.
(54) The historical cost of the vehicle was adjusted for any changes in its condition.
(55) The historical cost of the company's patents was amortized over a specific period.
(56) The cost principle requires companies to record expenses at their historical cost.
(57) Historical cost is used to determine the value of the company's intangible assets.
(58) Tangible assets are recorded on a company's balance sheet at their historical cost.
(59) The company's management reviewed the historical cost of its long-term investments.
(60) The company's financial records showed the historical cost of its prepaid expenses.
Sentence with historical cost
(61) The company's financial statements reflected the historical cost of its investments.
(62) The company's financial statements are prepared using the historical cost principle.
(63) The company's plant assets are recorded at their historical cost on the balance sheet.
(64) The historical cost of the land was significantly lower than its current market price.
(65) The historical cost of the raw materials was used to determine the cost of goods sold.
(66) The company's financial records showed the historical cost of its accounts receivable.
(67) The historical cost of the investment property was revalued to reflect its fair value.
(68) The historical cost of the raw materials was used to calculate the cost of production.
(69) The company's financial statements were prepared using the historical cost convention.
(70) Historical cost is used to determine the value of the company's long-term investments.
Use historical cost in a sentence
(71) The historical cost of the building was recorded in the company's financial statements.
(72) The historical cost of the software was capitalized and amortized over its useful life.
(73) The company's financial statements disclosed the historical cost of its long-term debt.
(74) The historical cost of the inventory was adjusted for any changes in market conditions.
(75) The historical cost of the building was adjusted for any changes in construction costs.
(76) The historical cost of the company's intangible assets was reviewed for any impairment.
(77) The company's financial statements reflected the historical cost of its long-term debt.
(78) The historical cost of the land was significantly higher than its current market value.
(79) The historical cost of the machinery was adjusted for any changes in market conditions.
(80) The company's capital assets are recorded at their historical cost on the balance sheet.
Sentence using historical cost
(81) The company's financial records showed the historical cost of its long-term investments.
(82) The accountant used the historical cost method to calculate the book value of the assets.
(83) The company's financial records showed the historical cost of its short-term investments.
(84) The historical cost method of accounting records assets at their original purchase price.
(85) The company's financial statements disclosed the historical cost of its intangible assets.
(86) The company's financial statements included the historical cost of its equity investments.
(87) The historical cost of the building was significantly higher than its current market value.
(88) The accounting principle promotes the use of historical cost as a basis for asset valuation.
(89) The historical cost of the building was adjusted for inflation to reflect its current value.
(90) The historical cost of the company's buildings was adjusted for any accumulated depreciation.
Historical Cost example sentence
(91) The historical cost of the company's equipment was adjusted for any accumulated depreciation.
(92) The historical cost of the company's machinery was adjusted for any accumulated depreciation.
(93) The company's management reviewed the historical cost of its research and development expenses.
(94) According to the cost principle, historical cost is the most reliable basis for valuing assets.
(95) The company's capital assets are recorded at their historical cost in the financial statements.
(96) The company follows the historical cost method of accounting for property, plant, and equipment.
(97) The accountant calculated the depreciation expense based on the historical cost of the equipment.
(98) The company's financial statements reflect the historical cost of its investments in subsidiaries.
(99) The company's financial statements are prepared in accordance with the historical cost convention.
(100) The company's financial statements included the historical cost of its investments in subsidiaries.
Sentence with word historical cost
(101) The company's financial records indicate the historical cost of its property, plant, and equipment.
(102) The company's financial statements disclosed the historical cost of its property, plant, and equipment.
(103) The historical cost of the company's investments in real estate was adjusted for any changes in fair value.
(104) Generally accepted accounting principles require the use of historical cost as the basis for valuing assets.
(105) The historical cost of the company's investments in subsidiaries was adjusted for any changes in fair value.
(106) The company's financial statements provide information on the historical cost of its assets and liabilities.
(107) The historical cost of the company's investments in stocks and bonds was adjusted for any changes in market value.
(108) The inventory valuation is based on the cost principle, which states that assets should be recorded at their historical cost.
(109) The accounting concept of historical cost states that assets should be recorded at their original cost, regardless of their current market value.
(110) The cost principle is consistent with the historical cost concept, which assumes that the value of an asset is determined at the time of acquisition.
Historical Cost meaning
Historical cost is a term commonly used in accounting and finance to refer to the original cost of an asset or liability at the time of its acquisition or incurrence. It is an important concept as it provides a basis for valuing assets and determining their subsequent accounting treatment. In this article, we will explore various tips on how to use the phrase "historical cost" effectively in sentences.
1. Definition and Context: When using the term "historical cost" in a sentence, it is crucial to provide a clear definition or context to ensure the reader understands its meaning.
For example, "Historical cost refers to the original purchase price of an asset, which is recorded on a company's balance sheet."
2. Examples in Accounting: To illustrate the concept of historical cost, it is helpful to provide examples related to accounting practices. For instance, "The company recorded the building at its historical cost of $500,000, even though its current market value is estimated at $700,000."
3. Comparisons and Contrasts: To enhance understanding, you can compare historical cost with other valuation methods. For instance, "Historical cost differs from fair value, which represents the current market price of an asset."
4. Importance and Benefits: Highlight the significance of historical cost in financial reporting and decision-making.
For example, "Using historical cost allows companies to maintain consistency in their financial statements and provides a reliable basis for evaluating asset performance over time."
5. Limitations and Criticisms: Acknowledge any limitations or criticisms associated with historical cost to present a balanced view. For instance, "Critics argue that historical cost fails to account for changes in the value of assets due to inflation or market fluctuations."
6. Historical Cost Principle: Explain the historical cost principle, which is a fundamental accounting concept.
For example, "The historical cost principle requires companies to record assets at their original cost, regardless of their current market value."
7. Application in Different Industries: Discuss how historical cost is applied in various industries or sectors. For instance, "In the real estate industry, properties are typically recorded at their historical cost, which includes the purchase price, closing costs, and any necessary renovations."
8. Historical Cost vs. Replacement Cost: Differentiate historical cost from replacement cost, which is another valuation method.
For example, "While historical cost reflects the original purchase price, replacement cost represents the amount required to replace an asset with a similar one at current market prices."
9. Historical Cost and Depreciation: Explain the relationship between historical cost and depreciation, as depreciation is often calculated based on an asset's historical cost. For instance, "The company depreciates its machinery over a ten-year period, using the historical cost as the basis for determining annual depreciation expenses."
10. Historical Cost and Financial Statements: Discuss how historical cost is reflected in financial statements, such as the balance sheet and income statement.
For example, "On the balance sheet, assets are reported at their historical cost, while the income statement may include depreciation expenses based on historical cost."
In conclusion, the term "historical cost" is a crucial concept in accounting and finance. By following these tips, you can effectively incorporate this phrase into sentences, providing clarity and understanding to your readers.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Historical Cost. They do not represent the opinions of TranslateEN.com.