Replacement Cost 1 : A form of asset valuation where the asset value is determined by calculating the current cost of the most appropriate modern asset with equivalent service potential
Peter Milne and Kieran Sharp, ARRB Group, and Bob Ungers, consultant, Austroads Glossary of Terms (4th Ed.), Austroads Ltd., Sydney, NSW, Australia 2010. http://www.bicyclensw.org.au/files/u1/Austroads_Gl ossary_of_Terms_4th_edition.pdf (Road Trfc and Transp Sfty - Brit) {529}