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Historical Value/Cost

The original book value of an asset

Value of the asset at the time of acquisition. Most Tangible Capital Asset (TCA) records use historical costs.

Book value – amount carried on the balance sheet after accounting for depreciation

MEAV) method of reporting provides the most accurate cost of replacement today

Inflated TCA costs are not always equivalent to a modern replacement cost (MEAV)

The TCA replacement value is the cost to replace the asset with the same asset as originally built/procured i.e “like for like”

The TCA does not include any incremental costs that may be associated with subsequent changes and improvements in technologies, enhancements etc.

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