Property Valuation
Reproduction cost in the cost approach is the cost to:
ABuild a functionally equivalent substitute structure with current materials
BBuild an exact replica of the original structure using original materials and methods✓ Correct
CPurchase comparable land in the same area
DRestore a historic building to its original condition
Explanation
Reproduction cost is the cost to build an exact duplicate of the subject structure using the same materials and methods as the original. Replacement cost uses modern materials and design to produce a functional equivalent.
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