The court recognized that in preparing appraisals of real property, appraisers traditionally have relied on one of three methods of valuation: comparable sales, capitalization of income, and/ or reproduction cost
* Reproduction cost
. That figure is usually used for property insurance, but it's of little value except for a newly built house.
Finally, the company said that this fund is a continuation and evolution of the company's enhanced-return strategy in the US and the investment team is targeting value-added-level returns through investment in institutional-quality real estate at a discount to reproduction cost
in US markets and working to execute a value enhancement strategy by implementing Strategic Partners' signature tenant amenity programmes, including 5-Star Worldwide for office buildings and Inspired Lifestyle for multi-family assets.
* Total floor space of building structures and floor index were used to determine an estimated reproduction cost
of buildings with regard to their function, further adjusted by the average amortization estimate and saleability.
For instance, it is up to an appraiser to determine whether reproduction cost
or replacement cost should be used.
Further, the cost approach may not be a reliable indication of replacement or reproduction cost
for any date other than the effective date of this appraisal due to changing costs of labor and materials and due to changing building codes and governmental regulations and requirements.
The cost approach estimates the cost of acquiring a site and constructing a substitute property with the same utility by generating a reproduction cost
analysis based upon original building materials and the historic structure's unique characteristics.
Despite the fact that Smyth suggested that all factors bearing upon value and cost should be considered by ratemaking bodies in making a fair value determination of a utility's property, focus quickly narrowed to two factors: the original and reproduction cost
of useful property.
If critics complain that today's historical cost-based financials don't provide adequate information to users of financial statements, what will those same critics say if they're given reproduction cost
information when they want liquidation values, or vice versa?
For example, the FMV of a well-balanced inventory available to fill customer orders may exceed its reproduction cost
, because it provides a continuity of business while the value of obsolete inventory may be less than its reproduction cost
Measuring 12 inches by 18 inches each and showing the images and teachings of some 30 great Filipinos, the posters are distributed to schools, with each classroom getting two sets, said Alfonso, who uses part of his salary as a researcher for the National Historical Commission of the Philippines to underwrite the posters' reproduction cost
of P30 each.