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Reproduction Cost (Noun)

Meaning

Cost of reproducing physical property minus various allowances (especially depreciation).

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The accountant carefully calculated the reproduction cost of the building, accounting for depreciation and other allowances to determine its current value.
  • In assessing the company's assets, the financial analyst considered the reproduction cost of the equipment, taking into account the significant depreciation that had occurred over the years.
  • The insurance company used the reproduction cost minus depreciation to determine the amount they would pay in the event of a loss or damage to the policyholder's property.
  • The business owner was required to pay the reproduction cost of the leased building minus allowable depreciation as part of the contract agreement.
  • The reproduction cost of the historic mansion, excluding depreciation and other allowances, was significantly higher than its original purchase price due to inflation and changes in market conditions.

Synonyms

  • Physical Value
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