Replacement value

The replacement cost of an asset are the cost of the same or at least a comparable asset in the future; they do lead to better asset maintenance as time values ​​, but on the other hand even harder and to determine accurate. Application, see the replacement cost especially in the depreciation within cost and performance accounting.

The replacement value is the common, ordinary value of a property within the meaning of § 1332 Civil Code ( Austria ). It is determined by objective- abstract investigations and depends on the general and ordinary use. Remedy is the date of the damage, as well as the place where the thing is usually used where the victim can regularly perform the repair or replacement procured. In general, this will be the place of residence ( not the location of the damage ).

A distinction

• Replacement value as new

• Replacement value

The replacement value of a motor vehicle is to be equated to the average dealer sales price, as the injured party may permissibly use of bona fide motor vehicle trade and must not be supposed about cheaper offers from private individuals. If only because of warranty claims associated with the sale are a merchant selling prices higher than those prices, which is a buyer willing to pay a private seller (see also other value definitions of motor vehicles).

The dealer sales prices vary regionally due to different market conditions and traders density. When using tools to estimate web searches or lists (Dealer Sold eg " EurotaxGlass's - yellow " ), is averaged over large areas. One has ( in Austria: East-West gradient ) these values ​​by considering the correct region. Mean values ​​from Internet searches that span several countries in this regard must be corrected.

In the national accounts, the Federal Statistical Office of the fixed assets at replacement cost. With " replacement costs " prices have meant that apply to the reporting date.