Nev. Admin. Code § 361.310 — 361.310

NAC 361.310    “Historical cost” defined; synonymous with “original cost.” ( NRS 360.090 , 361.320 )    “Historical
cost” means the first cost of a property item of a public utility regardless of
the present owner or interim sales transactions. It usually refers, in the
accounting of public utilities, to the cost of a property item when first
devoted to public service. For other than the accounting of public utilities,
the term means the cost to the owner at the time of acquisition. The term is
synonymous with the term “original cost” in public utility accounting.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)