The dry/cracked cords are easily replaced,especially if a lamp or extension cord which I've done numerous times. It's the small appliance or electronic device cords that could become a pain. The cord in question is from a 1960s Sony(of all companies) reel to reel tape deck. Including db meter and stereo hook up-ironic the speaker and/or input cords in good shape but the power cord no. It hasn't been used for a couple of decades. I'm wondering if the lack of use contributed to that.
Yes, replacing the power cord on small appliances and stereo equipment, etc., can be a bit challenging...but if you have some basic tools and a bit of patience, it isn't that hard. This past Winter, I opened up my Vintage/early 1970's Sansui 9090DB stereo amp, and replaced a couple of potentiometers that were starting to fail. While I had it open, I gave it a good general cleanup, and inspected the power cord, etc. Replacing the power cord would have just required some careful soldering at the power supply. Most better quality units are built such that access to the internals is possible with the removal of a few fasteners/screws, etc. Some of the cheaper household appliances are riveted together, and repairing them is usually more hassle than they are worth. Not using the device for several years should not have much affect on a power cord...more likely, any deterioration which occurs is due to the type of insulation used, and the environment is which the device has been stored....excess humidity, etc.