Property Valuation
Reproduction cost in the cost approach is the cost to:
ABuild a structure with modern materials and design
BExactly duplicate the existing structure using original materials and construction methods✓ Correct
CReplace the structure with a functionally equivalent building
DDemolish and remove the existing structure
Explanation
Reproduction cost is the cost to build an exact replica of the existing structure using the same materials and methods. Replacement cost uses modern materials and design for an equivalent structure.
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