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Historical Cost Approach

An approach of accounting that reflects the actual and the reality of an event or transaction at the time it...

HCA

It stands for historical value accounting; a method of accounting that has historical cost (HC) as a measurement base for...

Historical Cost Accounting

A method of accounting that has historical cost (HC) as a measurement base for assets and liabilities. At initial recognition,...

Historical Cost Financial Statements

A set of financial statements that an entity prepares on the historical cost basis of accounting. The use of historical...

MHC

It stands for modified historical cost; an enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at...

Modified Recoverable Historical Cost

An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...

Modified Historical Cost

An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...

HC

It stands for historical cost; the original cost (acquisition price and other necessary costs) of an asset (and broadly any...

HC

It stands for historical cost; in the conventions of Islamic accounting, the historical cost of an asset is its fair...

Depreciation Basis

The amount assigned to an asset (asset account) that is subject to depreciation since its acquirement and over the course...