Property Valuation
In the cost approach, reproduction cost is the cost to:
ABuild a functionally equivalent building using modern materials
BBuild an exact replica using the same materials and methods as the original✓ Correct
CRepair all physical deterioration
DDemolish and rebuild the structure
Explanation
Reproduction cost is the cost to build an exact replica of the subject structure using the same materials, design, and quality. Replacement cost uses modern materials and standards.
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