replacement cost
DefinitionThe amount it would cost to replace an asset at current prices. If the cost of replacing an asset in its current physical condition is lower than the cost of replacing the asset so as to obtain the level of services enjoyed when the asset was bought, then the asset is in poor condition and the firm would probably not want to replace it.
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replacement cost is ...
... part of the Accounting subject.
... part of the Accounting subject.
Related Terms
replacement cost appears in these other terms
replacement cost insurance
replacement cost appears in the definitions of these other terms on BusinessDictionary.com
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