Answer:
False
Explanation:
Replacement value is the amount company has to spend to acquire the same asset in the brand-new conditions.
The above question instead mentions of acquiring assets in the existing conditions, so the statement given above is false.
A similar question about assets acquisition is at the following link
https://brainly.com/question/14888362?referrer=searchResults
False, the cost to replace a critical asset, such as a piece of real estate, investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost. A replacement cost, which is often referred to as "replacement value,"
More about replacement value-
A replacement cost may change depending on elements including the market price of the parts required to rebuild or repurchase the asset and the costs associated with getting assets ready for usage.Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Replacement valuation is the process of determining a replacement cost.To learn more about replacement value, refer to-
https://brainly.com/question/27958744
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