グレスの実体資本維持論について

Abstract

This concept of physical capital maintenance concentrates on maintaining the productive capacity of an entity. The productive capacity is defined as the ability of an entity to produce and distribute a given quantity of goods and services during a specific time period. Under the physical capital maintenance concept, capital is defined as the operating assets of an entity. Thus, income is not recognized until a provision has been made to replace those assets. This concept of physical capital maintenance adopted in the statement of income and in the balance sheet by replacement cost accounting.