Showing accumulated depreciation separately on the balance sheet has the effect of preserving the historical cost of assets on the balance sheet.
32.
The restatement of historical cost financial statements in terms of IAS 29 does not signify the abolishment of the historical cost model.
33.
Most principles of historical cost accounting were developed after the Wall Street Crash of 1929, including the presumption of a stable currency.
34.
Various corrections to historical cost are used, many of which require the use of management judgment and may be difficult to verify.
35.
The rule proposal would require companies to report derivatives in their financial statements at current market value, rather in footnotes at historical cost.
36.
The fair-value balance sheet provides information for investors who are interested in the current value of assets and liabilities, not the historical cost.
37.
The historical cost will equal the carrying value if there has been no change recorded in the value of the asset since acquisition.
38.
On a historical cost basis, BP's profit rose to 609 million pounds in the quarter from 589 million pounds in the year-earlier quarter.
39.
Meanwhile, on a historical cost basis, the total debt to capital ratio was still high at 74 per cent as of March 1997.
40.
The FASB plan would require companies to report derivatives in their financial statements at current market value rather than in footnotes at historical cost.
