Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference
ValuePros Appraisal Services
AUGUST 23, 2023
When it comes to assessing the value of personal property, two commonly used methods are the Replacement Value Appraisal and the Fair Market Value Appraisal. It takes into account factors such as age, condition, and quality of the item. – It considers depreciation, quality, and condition of the item.
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