The current cost of a similar new property having the nearest equivalent utility as the property being appraised, as of a specific date.
The underlying theme and elements of the definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value.
These definitions are offered to provide fundamental value concepts – they are not the only acceptable definitions available. Contracts or jurisdictions may dictate somewhat different philosophies; therefore, these definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. In some cases, the laws of a country, state, region, or regulatory agency may require other terms, which would take precedence over the definitions shown here.
出典：ASA
✅ ポイント解説
- Replacement → 「置き換える」概念。評価対象とまったく同一のものではなく、同等の機能（効用, utility）を持つ新しい資産を想定。
- Cost New → 「新しい資産を調達する現在のコスト」。
- 実務的には、老朽化資産の評価で「同等性能の新製品を導入するとしたらいくらか」を算定する際に使われる。
👉 似た用語に Reproduction Cost New（復元原価） があります。
- Replacement Cost New → 同等機能を持つ資産のコスト
- Reproduction Cost New → 完全に同一仕様の資産を再製造するコスト