current cost

The *cost of replacing an *asset with an identical one of the same condition. Current cost can refer to either the purchase *price or the manufacturing cost of an asset. Contrast *historical cost.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • current cost — ➔ cost1 * * * current cost UK US noun [C] ► FINANCE the cost of something at the present time, rather than at the time it was originally bought or made: »The company s net loss, measured on the current cost of replacing its inventory, widened to… …   Financial and business terms

  • current cost — 1) A cost calculated to take into consideration current circumstances of cost and performance levels. 2) The sum that would be required at current prices to purchase or manufacture an asset. This may be the replacement cost or the historical cost …   Accounting dictionary

  • current cost — 1) A cost calculated to take into consideration current circumstances of cost and performance levels. 2) The sum that would be required at current prices to purchase or manufacture an asset. This may be the replacement cost or the historical cost …   Big dictionary of business and management

  • current-cost — currˈent cost adjective (accounting) Of a system that values assets at the current cost of replacement (cf ↑historic cost under ↑history) • • • Main Entry: ↑current …   Useful english dictionary

  • current cost — einamosios sąnaudos statusas T sritis Gynyba apibrėžtis 1. Pinigų ar jų ekvivalentų suma, kuri turėtų būti sumokėta už tokį patį arba lygiavertį turtą, jeigu jis būtų įsigijamas dabar. 2. Nediskontuota pinigų ar jų ekvivalentų suma, kurią reikės… …   Lithuanian dictionary (lietuvių žodynas)

  • current cost — noun : a cost whose factors are valued at present day acquisition and production costs * * * a cost based on the prevailing price paid for material, labor, etc …   Useful english dictionary

  • current cost — a cost based on the prevailing price paid for material, labor, etc. * * * …   Universalium

  • current cost accounting — ➔ accounting * * * current cost accounting UK US noun [U] ► ACCOUNTING CURRENT VALUE ACCOUNTING(Cf. ↑current value accounting) …   Financial and business terms

  • current-cost accounting — CCA A form of accounting in which the approach to capital maintenance is based on maintaining the operating capability of a business. Assets are valued at their deprival value, which is the loss that a business would suffer if it were to be… …   Accounting dictionary

  • current-cost accounting — CCA A form of accounting in which the approach to capital maintenance is based on maintaining the operating capability of a business. Assets are valued at their value to the business, which is the loss that a business would suffer if it were to… …   Big dictionary of business and management

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