Historical Cost Principle in German, French, Spanish & Italian

What does Historical Cost Principle mean?

The principle that requires assets to be recorded at their original purchase price (cost) at the time of acquisition.

Historical Cost Principle in a sentence

The historical cost principle requires that assets be recorded at their original purchase price.

German

Anschaffungskostenprinzip

also Historisches Kostenprinzip

Vermögenswerte werden zu ihren Anschaffungskosten bewertet.

French

Principe du coût historique

Principe imposant d'enregistrer les actifs à leur valeur d'origine.

Spanish

Principio de costo histórico

Valoración de los bienes según el precio pagado en el momento de la compra.

Italian

Principio del costo storico

Criterio di valutazione basato sul valore di scambio al momento dell'acquisto.