what is mean by replacement cost by as2 give me a example of it.
As-2
(Guest)
1 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 June 2014
replacement ccost means correct purchase price for an item. for example, you have an article of rs. 100 which was purchased 3years ago but today of the same article can be purchased at rs. 500, then relacement cost of such article is 500.
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