Why is current value and replacement cost not the same?

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asked Dec 18, 2021 38.6k views

1 Answer

WedTM · Answer 1 · 2021-12-23T02:47:06+0000

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:)

Why is current value and replacement cost not the same?

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Why is current value and replacement cost not the same?