TeachMeFinance.com - explain Original cost
Original cost The term 'Original cost' as it applies to the area of energy can be defined as ' The initial amount of money spent to acquire an asset. It is equal to the price paid, or present value ofthe liability incurred, or fair value of stock issued, plus normal incidental costs necessary to put the asset into its initial use'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.