Final answer:
The replacement cost is not usually found on major financial statements but may be mentioned in the notes to the financial statements or supplementary reports.
Step-by-step explanation:
The replacement cost is not typically mentioned on traditional financial statements such as the income statement, balance sheet, cash flow statement, or statement of retained earnings. Replacement cost accounting is a valuation method based on the current cost to replace an asset. In traditional accounting practices, assets are usually recorded at historical costs and, over time, may be depreciated or amortized. However, if replacement cost information is provided, it may be found in the notes to the financial statements or in a supplementary report, where additional details about asset valuation are disclosed. These notes can offer valuable insights into how much a company might have to spend to replace certain assets at current market prices, which is useful for both management and investors when making decisions.