Replacement Value

The replacement value is:

"the total cost of replacing an asset, generally in its present form and in accordance with appropriate regulations and legal requirements".  

Replacement Value considers allowances for professional fees and, in the case of tangible assets, considers factors related to construction of a replacement asset (which may include demolition, debris removal and other factors).

Value Terms

Definitions of Value Concepts of Plant and Machinery

Equitable Value

Definitions of Value Concepts of Plant and Machinery

Fair value (IFRS13)

Definitions of Value Concepts of Plant and Machinery

Market Value