VALUED AT COST

Definition: An accounting method where assets are recorded at their original cost, without adjustments for changes in market value.

Synonyms: Cost Value, Priced Worth, Evaluation Expense, Assessed Cost, Appraised Value

Usage Examples in Sentences

The antique clock was valued at cost when it was added to the museum's collection.

The old books in the library were carefully valued at cost to assess their historical significance.

The company's equipment is consistently valued at cost for accurate financial reporting.

The farmer valued at cost the machinery needed for efficient crop cultivation.

The software company valued at cost its intellectual property for financial reporting.

The sports memorabilia, including signed jerseys, were valued at cost for auction.

The company decided to keep its vintage machinery valued at cost for accounting purposes.

The real estate investment was recorded on the balance sheet valued at cost, reflecting the purchase price.

The art gallery showcases paintings, each carefully valued at cost, providing transparency in its valuation methods.

#10

The artisan's collection of vintage watches, each valued at cost, adorned the display shelves with timeless elegance.

#11

In accordance with GAAP, the equipment is valued at cost on the balance sheet.

#12

Under the valued at cost principle, land is recorded at its original purchase price.

#13

For financial reporting, the investments are valued at cost rather than fair market value.

#14

The valued at cost method simplifies accounting by avoiding frequent adjustments.

#15

Accountants use the valued at cost approach to maintain consistency in financial statements.

#16

Valued at cost, the company's assets remained unchanged despite fluctuations in the market.

#17

The company's assets, valued at cost, reflect the original investment without regard to market variations.

#18

Despite market shifts, the assets are valued at cost, maintaining consistency in the accounting records.

#19

In accounting practice, assets are valued at cost, disregarding any fluctuations in market value.

#20

Valued at cost, the equipment provides a transparent view of our capital investments.

#21

We adhere to the principle of keeping inventory valued at cost for accurate budgeting.

#22

For tax purposes, land is typically valued at cost, not its current market value.

#23

Accounting standards require certain assets to be valued at cost for reporting purposes.

A: I noticed in the financial report that our inventory is valued at cost. Could you explain what that means?B: Sure! Valuing inventory at cost means we record it at the original purchase price. This method doesn't account for changes in market value over time.A: So, even if the market value of our inventory increases, we'll still report it at the original purchase price?B: Exactly. It's a conservative approach. We only adjust the value if there's evidence of a permanent decline in value, not temporary fluctuations.A: Got it. That helps clarify things. Thanks for explaining.

VALUED AT COST

Usage Examples in Sentences

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