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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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This is because we use different approaches for determining fair market value and replacement value. When determining fair market value, we use the salescomparisonapproach to analyze comparable sales data (i.e., Note that the definition of replacement cost comparable mentions age. sold prices).
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