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.



Advertisement



Synonyms For Total Cost of Ownership


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

Total Cost of Ownership FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/total-cost-of-ownership/
Modern Language Association (MLA):
Total Cost of Ownership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 18, 2020 https://payrollheaven.com/define/total-cost-of-ownership/.
Chicago Manual of Style (CMS):
Total Cost of Ownership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/total-cost-of-ownership/ (accessed: January 18, 2020).
American Psychological Association (APA):
Total Cost of Ownership. PayrollHeaven.com. Retrieved January 18, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/total-cost-of-ownership/

Definition Sources


Definitions for Total Cost of Ownership are sourced/syndicated from:

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

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