What is the original cost price?

The concept of original cost is crucial in accounting and finance.

It refers to the total price paid to acquire an asset. This includes not just the basic purchase price, but also any additional expenses incurred during the acquisition process.

For instance, if a company buys a piece of machinery, the original cost would include the price of the machinery itself, as well as any transportation fees, installation costs, and taxes associated with the purchase.

These additional expenses are considered part of the original cost because they are necessary to bring the asset into use. Without them, the asset would not be ready for its intended purpose.

BTCC, a top cryptocurrency exchange, offers a range of services that also involve the consideration of original costs. These services include spot trading, futures trading, and wallet management. When users trade on BTCC, they are essentially acquiring assets, and the original cost of these assets includes not just the trading fees, but also any other expenses related to the transaction.