A value measurement base (an entry value) that indicates the value (price/ cost) currently paid for the purchase of an assets(s) or settlement of a liability(ies) under orderly conditions. Examples of where current entry cost is more appropriate than other measures such as fair value (in itself, it is a current exit value) include the initial recognition of operating assets (which in practice generally implies historical cost).
If the assets and liabilities of an entity are measured using current entry cost, then its equity will reflect the current entry value of its recognized assets minus the current entry value of its recognized liabilities.
It is also known broadly as replacement cost (or specifically, current replacement cost) or current entry value.
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