This valuation approach is appropriate for valuing assets for which substitutes could reasonable be brought or built.

Name: This valuation approach is appropriate for valuing assets for which substitutes could reasonable be brought or built.
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Question

Quizplus · Accepted Answer

The cost approach is appropriate for valuing assets that can be reproduced or replaced, as it involves estimating the cost of building or buying a substitute. For example, this approach might be used to value a piece of machinery or a building.

This Valuation Approach Is Appropriate for Valuing Assets for Which