Should Replacement-Cost Changes Be Included in Income?
探讨重置成本会计模型中资产重置成本变动是否应作为持有利得计入当期收入，分析两种支持论点并认为均不可接受，建议将重置成本变动直接调整资本。
Abstract ABSTRACT: In a replacement-cost accounting model, changes in the replacement-cost of assets held during a period are viewed by some as holding gains and losses which are includable in income for the period. The academic literature provides two alternative arguments in support of the holding gains treatment. One argument is that replacement-cost changes represent "cost savings"; the other argument is that replacement-cost changes may be used as "surrogates" for changes in net realizable value or discounted present value. The author of this paper examines the two arguments and concludes that neither is acceptable. He recommends that, if a replacement-cost model is used as a basis for financial reporting, replacement-cost changes be treated as direct adjustments to capital.