Define: Replacement Cost

UK Accounting Glossary

Definition: Replacement Cost


Quick Summary of Replacement Cost


A measure of current value which estimates the cost of replacing an asset or liability at the date of the balance sheet. Justified by reference to value to the business.



What is the dictionary definition of Replacement Cost?

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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/replacement-cost/
Modern Language Association (MLA):
Replacement Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 21, 2019 https://payrollheaven.com/define/replacement-cost/.
Chicago Manual of Style (CMS):
Replacement Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/replacement-cost/ (accessed: July 21, 2019).
American Psychological Association (APA):
Replacement Cost. PayrollHeaven.com. Retrieved July 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/replacement-cost/

Definition Sources


Definitions for Replacement Cost are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.