UK Accounting Glossary
The real, total cost of an asset. For example, an asset may cost £2,000 up-front, but have an annual renewal fee of £200; therefore, assuming it’ll have a lifespan of five years, the TCO would be £3,000.
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Definitions for Total Cost of Ownership are sourced/syndicated from:
This glossary post was last updated: 28th December 2018.