Original Cost
All of the costs directly associated with acquiring an asset and putting it into use. Investopedia Says:
The type of costs involved vary according to the type of asset. If this is machinery, original cost might include transport to your facility. If this is a security, the original cost may include commissions or related fees. Related Terms:
Acquisition Debt
Assessed Value
Cost Basis
Expense
Internal Revenue Service (IRS)
Moving Expenses
Net Proceeds
Write-Off |