Salary Outlook. Hygienists make comfortable salaries, especially considering that more than half of them work part time. In 2013, their median salary was $71,110. The best-paid earned about $96,690, and the bottom 10 percent earned $47,880.Many of the top-paid hygienists work in dental offices, but ambulatory health care services also pay well.n 2013, their median salary was $71,110. The best-paid earned about $96,690, and the bottom 10 percent earned $47,880. Many of the top-paid hygienists work in dental offices, but ambulatory health care services also pay well.
Historical Cost. Definition. Historical Cost is the original cost incurred in the past to acquire an asset. Historical Cost Convention requires assets to be recognized at their historical cost. Explanation. Assets need to be assigned some value in the accounting books.
For example, inventory is an asset. Expenses are the cost of bringing in revenues. They were needed to bring in the revenues and profits that you reported this year. Expenses appear on the income statement. For example, just as inventory is an asset, âcost of goods soldâ is an expense. This is the cost of inventory that was sold during the year. The difference is really one of timing. An asset is expected to bring in a benefit sometime in the future. When the benefit comes in, then the asset becomes an expense. As it is sold, inventory is moved out of the inventory account on the balance sheet, and into the cost of goods sold account on the balance sheet.