replacement cost


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Related to replacement cost: Replacement cost accounting, Replacement cost insurance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.replacement cost - current cost of replacing a fixed asset with a new one of equal effectiveness
cost - the total spent for goods or services including money and time and labor
Translations

replacement cost

n (Insurance) → costo della sostituzione
References in periodicals archive ?
As a result, including this charge and other effects, BP reported a replacement cost loss of $969 million for the fourth quarter of 2014.
Example: If replacement cost is estimated at $100,000, the insurance coverage could pay up to $125,000 to replace the building if that is what it costs to repair or rebuild.
By providing the ability for our property clients to integrate seamlessly with the e2Value replacement cost products from within their loss control system, we are able to help them streamline the end-to-end loss control process," says Dave Hanley of Risk Control Technologies.
Angermeier never read the initial policy and he agrees that Thompson never told him that he had replacement cost coverage.
Find out what your property is realy worth with an insurable replacement cost analysis today.
Last year, the premium was $1,475, based on a less-than-total replacement cost of $280,000.
In 1999, the Tax Court held in Mountain State Ford, 112 TC 58 (1999), that the use of replacement cost to value current-year inventory of heavy equipment parts was not a permissible method for a LIFO taxpayer.
In order to maintain the same level of physical inventory, companies would be compelled to borrow additional money to pay the higher replacement cost.
Insured disaster victims often present me with a list of household contents they have valued at replacement cost because that is the number the insurance company uses.
Jerald Tillman, who heads an insurance agency in Cincinnati, agrees that replacement cost coverage is vital; he advises homeowners to buy "special, all-risk" policies, which are usually not much more expensive than other types of replacement cost coverage.
Local contractor replacement cost estimates eliminate some of the problems with the valuation models and can accurately reflect the cost of labor and materials in your area.
The first step of valuation is to determine the replacement cost of the asset.