New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 10. Department of Health |
Chapter V. Medical Facilities |
Subchapter A. Medical Facilities—Minimum Standards |
Article 9. Residential Health Care Facility Uniform Reporting |
Part 451. Definitions |
Sec. 451.232. Replacement cost
Latest version.
- (a) The cost of an acquired asset or asset part, capitalizable if the cost of its retired counterpart is removed from the asset account.(b) The cost at current prices, in a particular locality or market area, of replacing an item of property or a group of assets.