Business Studies, asked by aniketchak1382, 1 year ago

Ratio of gross current replacement cost / market value explain

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Answered by robodas7
0
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. In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item.
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