Definition: Historic cost

Category: SNA

In its strict sense, reflects the cost at the time of acquisition, but sometimes it may also reflect occasional revaluations (§ 3.157). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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