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March 18, 2026The Accounting Review

Technological Changes and Replacement Costs: A Beginning.

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Authors

LRLawrence RevsineNorthwestern University

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Implication

This article examines replacement cost measurement in accounting, indicating its implications for firms using old assets.

Key Points

  • The central aim is to explore how technological changes impact the measurement of replacement costs in accounting systems.
  • Analyzed two primary approaches to measuring replacement costs: current cost of old assets vs. cost of improved assets.
  • Examined economic equivalence of both approaches under various market settings.
  • Discussed measurement problems affecting preference for one method over the other.
  • Identified scenarios where both approaches yield economically equivalent results.
  • Highlighted measurement problems that can make one method preferable in certain conditions.

Cite This Study

Lawrence Revsine (1979) studied this question.

synapsesocial.com/papers/69ba43f74e9516ffd37a5b97https://doi.org/10.2308/tar-4482479
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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. 2Should Replacement-Cost Changes Be Included in Income?1980
  3. 3Accounting for replacement investments.1993
  4. 4Replacement-Value Accounting.1967
  5. 5COST ANALYSIS FOR EQUIPMENT REPLACEMENT.1947