cost

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February 20, 2018 at 11:25 am #438088
rameeza
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Are current cost and replacement cost identical terms?
February 20, 2018 at 12:18 pm #438093
MikeLittle
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Yes … and no

You could apply replacement cost to the idea of replacing the asset with another of the same age and condition

But the two expressions are pretty much interchangeable

OK?
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