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What is replacement cost of asset?

Lucas Turner | 2023-06-05 14:12:04 | page views：1459
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Madeline Cook

Studied at University of Cambridge, Lives in Cambridge, UK
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item.
2023-06-10 14:12:04
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Liam Parker

QuesHub.com delivers expert answers and knowledge to you.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item.
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