With regard to the value of stolen property,which statement is true?

Question

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All of the statements are true. The value of stolen property can be a determining factor in whether the offense is classified as a felony or a misdemeanor. For items subject to depreciation, the fair market value should be used unless they are new or nearly new, in which case the replacement cost may be used. And non-negotiable instruments should be valued at their replacement cost rather than their face value.

With Regard to the Value of Stolen Property,which Statement Is