replacement costs
Price of substitutes
Replacement costs are what it would take to replace an asset at current prices rather than what was originally paid.
Insurance policies may cover replacement cost or actual cash value—the difference matters when filing claims: The policy covers replacement costs, so we got enough to buy a new roof.
In accounting, replacement cost accounting values inventory and assets at current market prices rather than historical cost.
- depreciationAsset value reduction over time
- insuranceContractual risk coverage
- insurance policyAgreement guaranteeing financial protection
- valuationAssessment of monetary worth
- appraisalEstimation of worth
rebuilding · restoration · deductible · claim · claims adjuster · damage · total loss · property · inventory · assets · liability · premium · estimate · wear and tear · loss · coverage · wear · tear
- lawsuit damageslost wages, lost income, lost profits, medical bills, property damage
- library circulationcirculation desk, checkout, checkout desk, returns, due date
- farm accountingfarm income, expense tracking, cash flow, balance sheets, income statements
- false economyunderstaffing, corner cutting, quick fixes
- pricing guidesblue book, Kelley Blue Book, list prices, sticker prices, fair market value
- staffingstaffing, turnover rates, hiring, staffing firm, staffing agency
replacement costsacquisition cost
Total expense to acquire
purchase price · cost basis · book value · sunk costs · nominal value
replacement, costs, replace, cost, place, placing, placed, placer, placement