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March 18, 2026The Accounting Review

Replacement Cost: A Historical Look.

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Authors

GBGermain Boer

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Implication

Historical analysis reveals that replacement cost was once embraced but is now largely ignored by accountants.

Key Points

  • This analysis explores the historical acceptance and decline of replacement cost usage in accounting.
  • Reviewed historical trends in replacement cost usage from the 1920s to the 1960s.
  • Analyzed reactions of accountants to proposed accounting principles regarding replacement cost.
  • Examined the shift in interest from the early acceptance to later opposition
  • In the 1920s and early 1930s, there was enthusiasm for replacement cost among businessmen and accountants.
  • By the 1940s, practicing accountants largely opposed its utilization.
  • The 1962 principles advocating replacement cost for inventory received minimal attention from accountants.

Cite This Study

Germain Boer (1966) studied this question.

synapsesocial.com/papers/69ba43584e9516ffd37a48efhttps://doi.org/10.2308/tar-4482898
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1REPLACEMENT COST: MEMBER OF THE FAMILY, WELCOME GUEST, OR INTRUDER?1962
  2. 2Replacement-Value Accounting.1967
  3. 3THE GUISES OF REPLACEMENT COST.1957
  4. 4Technological Changes and Replacement Costs: A Beginning.1979
  5. 5REPLACEMENT COST OF GOODS SOLD.1937