N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.292 - Replacement cost
(a) The cost of an
acquired asset or asset part, capitalizable if the cost of its retired
counterpart is removed from the asset account.
(b) The cost at current prices, in a
particular locality or market area, of replacing an item or property or a group
of assets.
Notes
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