Cost: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Link with Depreciation and expand in relation to fixed assets.) |
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2. | 2. | ||
''Accounting.'' | |||
In relation to fixed assets, the original cost of acquisition. | |||
The net book value of fixed assets, in simple terms, is the difference between cost and accumulated depreciation. | |||
3. | |||
To estimate the price of something. | To estimate the price of something. | ||
4. | |||
More generally, the amount paid to acquire or buy something. | More generally, the amount paid to acquire or buy something. | ||
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==See also== | ==See also== | ||
* [[Cost of sales]] | * [[Cost of sales]] | ||
* [[Depreciation]] | |||
* [[Fixed assets]] | |||
* [[Net book value]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 17:24, 21 May 2017
1.
Accounting.
The expenses payable to produce the firm’s sales.
2.
Accounting.
In relation to fixed assets, the original cost of acquisition.
The net book value of fixed assets, in simple terms, is the difference between cost and accumulated depreciation.
3.
To estimate the price of something.
4.
More generally, the amount paid to acquire or buy something.
