Modern Equivalent

Modern Equivalent -> Modern Equivalent Asset

A modern equivalent asset is a notional asset with which an existing asset's service potential would be restored on deprival using the latest technology available in the normal course of business.

The modern equivalent should be considered when calculating the replacement cost of an asset.

Related Pages

External Links & References

  1. An Asset Valuation Manual for Queensland Local Governments
  2. Google Search (Modern Equivalent Asset)
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