Replacement value

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Replacement value

Current cost of replacing the firm's assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Replacement Value

The cost of replacing an asset in the case that it is damaged or destroyed. That is, the replacement value changes according to the market value of the asset. An individual or company may buy a replacement cost insurance policy to cover the replacement value. It is also called the replacement cost.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Comparing market values to their replacement values is an indicator of whether and by how much the supply pipeline will increase or reduce.
The vast experimental data is obtained to find out a phenomenon: in near field, when the singularity of fitting Green's function is replaced with different replacement values, the accuracy of the fitting results shows significant difference.
Validation determines the completeness and reasonability of property location data, building characteristics and replacement values within a portfolio.
It is important to remember, however, that judging replacement values of stained glass is an incomplete science.
A product designed to gauge home replacement values has recently been made available to insurers by Simultaneous Solutions.
Frankly, we just don't see many practical obstacles to assigning current replacement values to the ending inventory.
Another aspect to this issue involves finding authoritative sources to help directors estimate their full replacement values. Some underwriters use independent services such as Marshall & Swift, or the Boeckh valuation systems.
SEG-SITE can be used to determine replacement values for standard, unusual or complex buildings, Capell says.
The taxpayer supported its argument with expert testimony from a computer vendor that the replacement values of the VAX 8550 computers were considerably less than the assessed value.
Information on estimated building replacement values is included.
For example, average replacement values can be assessed for deviation from industry averages by construction type for a specific geographic area.
Insurance policies often are based on replacement values and/or actual cash value.