Final answer:
The statement provided in the question, "The cost of repairs to damaged property is not acceptable as a measure of the loss in value of the property," is True.
Step-by-step explanation:
The cost of repairs to damaged property does not necessarily reflect the loss in value of the property. There may be additional factors affecting the value of the property, such as depreciation, market conditions, and other related expenses.
Repair costs only measure the expenses incurred to fix the damage, not the overall impact on the property's value.In summary, the cost of repairs to damaged property is not an acceptable measure of the loss in value of the property, making the statement in the question true.