replacement cost
Definition 1
Current cash outlay necessary to duplicate an item.
Definition 2
Current cost of replacing an existing asset or property with the same quality of construction and operational utility, without taking depreciation into account. Replacement cost is usually higher that the item's book value. Also called replacement value.
replacement cost is in the Accounting & Auditing subject.
replacement cost appears in the definitions of the following terms:
current value accounting,
current dollar [or any other currency],
overinsurance,
q ratio,
replacement cost method,
cost approach,
adequate coverage,
replacement value,
market value policy,
historical cost
and
replacement cost appears in the other terms: replacement cost policy, replacement cost accounting
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