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happy | What is the difference between"replacement cost" and "book value"? |
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 |
 
Tori
|
I'll use property in your house as an example - but it's similar for cars...etc.
If you have a 1970 TV - and it's struck by lightning - book value might give you a check for $20 because it's depreciated over the years.
Replacement cost would give you a check to get another TV - similar size and style - BRAND NEW |
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Lucky
 |
I assume you are talking in accounting terms here?
In which case replacement cost is the fairly explanatory what it would cost to replace.
Book value (or net book value) is the carrying value in the accounts. This will be the cost of the item minus any accumulated depreciation. Most items will depreciate, but the depreciation rate used in accounts can be arbitrary and not a reflection of true value.
Say you buy a tv for £500 and decide it will last you 5 years. You would then depreciate at £100 a year so in two years the book value would be £300.
The replacement cost as new by then may be £600.
The value of the item (ie: what you could sell it for) is likely to only be £50 - £100 as tvs don't do very well second hand.
Hence how we value something can lead to massive differences!
Hope that helps! |
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Miss Nikki â„¢ is crazy
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The replacement cost is what it would cost to replace the item and anything that may have been added to it to increase value.
Book value is the cost to replace the item minus depreciation. |
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Oracle
 |
replacement value is what it will cost to replace, book value is what the items cost after depreceation |
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celebrate
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If you have a house & it would cost $300,000 to build & you have $100,000 worth of land the book value would be $400,000....your replacement cost is just what it would cost to rebuilt your house so it could be $300,000 in this case but what if gas prices doubled & every other price started going up because of this. Instead of rebuilding your house at $300,000 it is now going to cost $350,000 to get the exact house you insured. You will get the amount you need to 'replace" it. |
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insane_mad_maniak
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replacement cost is the stock price/base cost.
book value is the sales price. with tax and store profits incorporated. (plus all the profit for everyone associated with it) |
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J G
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The replacement cost, as it suggests, is what you could actually buy a replacement for (new or used), whereas the book value of an item is the agreed value, either in a price guide (again, new or used) for vehicles, boats, etc., or manufacturer's current or last list price. |
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telewheelsmike
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Typically replacement cost is book value, plus the added expenses of the transaction. Broker's fees, sales tax, etc. |
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Sam .
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replacement cost" Price of new replacement
"book value" Value that you can sell it now |
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