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Why is current value and replacement cost not the same?​

Why is current value and replacement cost not the same?​
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4 votes
Why is current value and replacement cost not the same?​

User Yesterdaysfoe
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1 Answer

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Answer: it is important to note that their fair market value and replacement cost for a building may not be the same. The reason that they could be different is bc they are different concepts.
Hope this helps, have a great day:)
User WedTM
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