Definition: Historic cost

SNA

In its strict sense, reflects the cost at the time of acquisition, but sometimes it may also reflect occasional revaluations (§ 3.157).
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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