Question

3. What is current replacement cost?​

Answer 1

Answer:

The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. ... Replacement cost is the actual cost to replace an item or structure at its pre-loss condition.

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Answer 2

Answer:

The value refers to the amount that an entity would have to pay to replace an assist at present time