Examlex
The key factor in determining whether extinction will occur or not is:
Replacement Cost
The cost to replace an asset with another of similar function and quality in its current condition.
Historical Cost
The original monetary value of an asset or expense as recorded at the time of acquisition or incurrence, without adjusting for inflation or changes in value.
Fair Value
An estimate of the price at which an asset or liability could be traded in a fair transaction between willing parties, not involving forced sale or liquidation.
Weighted Average
A mathematical calculation that takes into account both the magnitude and the significance of each number in a set to find an average value weighted by importance or size.
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