Define: Total Cost Of Ownership

UK Accounting Glossary

Definition: Total Cost Of Ownership


Quick Summary of Total Cost Of Ownership


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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Synonyms For Total Cost Of Ownership


overall expenses, your total, operating costs, cost of operations


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Total Cost Of Ownership. PayrollHeaven.com. Retrieved April 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/total-cost-of-ownership/

Definition Sources


Definitions for Total Cost Of Ownership are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2018.