(up) to the hilt. âº Something that is done (up) to the hilt is done completely and without any limits: The government is already borrowing up to the hilt. (Definition of â(up) to the hiltâ from the Cambridge Advanced Learnerâs Dictionary & Thesaurus Â© Cambridge University Press) Translations of â(up) to the hiltâ.
accounting cost - actual expenses, plus depreciation. 1  more concerned with past performance. 2  depreciation expenses calculated for capital equipment.  more connected to the IRS than economic cost.
Notice especially that the formal definition of expense refers to two balance sheet categories: (1) Owner's equity and (2) Assets. And, every expense involves using up one kind of asset or another. It is the depletion, or using up of assets that distinguishes expenses from other kinds cost events.