replacement cost
The cost of a substitute asset that is equivalent to an asset currently held. • The new asset has the same utility but may or may not be identical to the one replaced.
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replacement cost depreciation method
A depreciation method that fixes an asset’s value by the price of its substitute.
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replacement cost insurance
replacement cost insurance 重置价保险 承保更换受损财产所需的成本，不扣除折旧；而一般财产保险的补偿均以实际损失为准，须扣除折旧。重置价保险仅见于建筑物保险。
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replacement insurance
Insurance under which the value of the loss is measured by the current cost of replacing the insured property. See replacement cost under COST(1). [Cases: Insurance 2184. C.J.S. Insurance §§ 1107, 1238, 1240, 1242–1243.]
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lower of cost or market/LCM
lower of cost or market/LCM 以成本或现时公平市价低者为准；成本与市价孰低法 存货盘点时的一种估价方法，或称cost or market, whichever is lower。按此法估价时，须比较原始购置成本〔acquisition cost〕和现时重置成本〔current replacement cost〕，亦即现时公平市价两者，以价值较低者为准确定存货价值。该估价方法有利于保护债权人的利益，但却容易导致存货价值被低估而企业收益被高估。
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reproduction cost
reproduction cost 再生产成本 决定公用事业厂房现时价值的一个因素，是指建设一个具有相同生产能力、效率、耐用性的厂房所需成本。(→replacement cost)
current cost accounting
current-cost accounting. A method of measuring assets in terms of replacement cost. • This approach accounts for inflation by recognizing price changes in a company’s assets and restating the assets in terms of their current cost.
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net national product
net national product. The total value of goods and services produced in a country during a specific period, after deducting capital replacement costs.
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next in first out
next-in, first-out. A method of inventory valuation (but not a generally accepted accounting principle) whereby the cost of goods is based on their replacement cost rather than their actual cost. — Abbr. NIFO. Cf. FIRST-IN, FIRST-OUT ; LAST-IN, FIRST-OUT.