Economics Dictionary of Arguments

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 Cost Principle - Economics Dictionary of Arguments
 
Cost principle: The cost principle in economics, also known as historical cost, states that assets should be recorded and valued based on their original purchase cost rather than their current market value. This principle ensures consistency and objectivity in financial reporting, though it may not reflect the asset's current worth in rapidly changing markets. See also Calculation, Costs, Benefit principle.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
 
Rothbard, Murray N. Cost Principle   Rothbard, Murray N.

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Ed. Martin Schulz, access date 2025-07-19