What is an Acquisition Cost?

Repurchase cost is a term used by the German accounting school. British and American accounting circles call it "replacement cost", and some scholars have recently called it "replacement cost". (Current Cost). China calls it "replacement value." It assumes the cost incurred to repurchase the currently held materials at the current market price, with an estimated current cost nature. When determining the repurchase cost of a fixed asset, the accumulated depreciation charge shall be deducted from the estimated cost required to remanufacture or rebuild existing equipment or plant. ^[1]