Property Valuation
An appraiser calculates the reproduction cost of improvements rather than replacement cost when:
AOnly modern materials are available
BThe exact replica of the original structure using period materials and techniques is being estimated✓ Correct
CThe property has modern renovations
DThe appraisal is for insurance purposes
Explanation
Reproduction cost estimates the cost to build an exact replica using the same materials and methods. Replacement cost estimates the cost to build a functionally equivalent structure using modern materials and methods.
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