Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
Based on this, the same exact object can have multiple values on the same day, depending on what level of the market one is evaluating. Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. The next level is Fair Market Value.
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