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HISTORIC COST ACCOUNTING

Statistics Directorate    
French Equivalent: Comptabilisation au coût historique

Definition:
Historic cost accounting is a valuation method which requires goods or assets used in production to be valued by the expenditures actually incurred to acquire those goods or assets, however far back in the past those expenditures took place; it is commonly used in business accounting but not in the national accounts.

Source Publication:
SNA 1.60.

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, November 12, 2001