In the question below choose the word or phrase which best fills the gap in each sentence:
The Government …. the initial value of the hotel complex at ten million naira
-
costed
- had cost
- had valued
- had constructed
- has costed
The correct answer is: A
Explanation
The Government costed the initial value of the hotel complex at ten million naira.
“Cost” indicates the value of things: monetary value, as well as sentimental value, for example. It may refer to the price of something or how valuable that item is – even if it has no monetary value.
The past tense of “Cost” (in fact, both past and past participle) is “Cost”.
“Costed” is only correct when used to indicate an accounting situation, where the “Cost” of a project or need for a business is in question. In no other context, “Costed” would be correct or acceptable.
Let’s look at some correct and incorrect examples of the use of “Costed”:
- Kyle said the shoes costed one hundred dollars. (incorrect)
- Kyle said the shoes cost one hundred dollars.
- How much the tickets costed was irrelevant. The performance was amazing! (incorrect)
- How much the tickets cost was irrelevant. The performance was amazing!
The sentences below are the only ones with “Costed” being used correctly. It works, because it’s been used in an accounting environment.
- The railway to the plant was costed at five million dollars.
- The project hasn’t been costed yet, I hope to hear from the team soon.
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