N.Y. Comp. Codes R. & Regs. tit. 10 § 451.232

Current through Register Vol. 46, No. 45, November 2, 2024

Section 451.232 - 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 of property or a group of assets.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.232