The financial reporting model uses a mixture of historical costs and fair value to present a company's transactions.

Historically, funds were distributed between hospitals based on historical costs.

A recent major effort was undertaken to research and determine the estimated historical cost.

We are selling at the historical cost, instead of the marginal cost.

The methodology applied is based on historical cost of goods sold.

As in the previous example, the historical cost is irrelevant.

In accounting, historical costs is the original monetary value of an economic item.

Inventory can be valued at either its historical cost or its market value.

He said that, in general, accounting should move toward reporting market values of financial investments, rather than historical costs.

It is an alternative to historical cost and fair value or mark to market accounting.