Replacement Cost

price for replacing one asset with another similar asset (Accounting)

The term replacement cost or replacement value refers to the amount that an entity would have to pay, at the present time, to replace any one of its assets.In the insurance industry, "replacement cost" is a method of computing the value of an item insured. Replacement cost is not market value, but is instead the cost to replace an item or structure at its pre-loss condition.
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Noun
1. current cost of replacing a fixed asset with a new one of equal effectiveness
(hypernym) cost

Cost to replace a firm's assets.