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.



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Synonyms For Replacement Cost


replacement value, cost of replacement, cost of replacing, cost of the replacement, exposure


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. February 28, 2020 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: February 28, 2020).
American Psychological Association (APA):
Replacement Cost. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/replacement-cost/

Definition Sources


Definitions for Replacement Cost are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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