The cost to replace assets with similar assets in a similar condition is the definition of which of the following current value concepts?
A)Replacement cost
B)Selling price
C)Exit value
D)Discounted present value

Question

Quizplus · Accepted Answer

Replacement cost is the cost to replace an asset with a similar asset in a similar condition. Selling price is the price at which an asset can be sold in the current market. Exit value is the amount that would be received upon exiting an investment or business. Discounted present value is the present value of future cash flows discounted at an appropriate rate.

The Cost to Replace Assets with Similar Assets in a Similar