Definitions
There is 1 meaning of the phrase
Replacement Cost.
Replacement Cost - as a noun
Current cost of replacing a fixed asset with a new one of equal effectiveness
Example Sentences
"The replacement cost of the damaged car is estimated to be $10,000."
"The insurance policy covers the replacement cost of stolen items."
"The homeowner's insurance will cover the replacement cost of the roof."
"The company decided to renovate the entire building rather than just the replacement cost of damaged sections."
"The replacement cost for a new smartphone is often higher than repairing the old one."
