Replacement costs are measured based upon GAAP's requirement of an upper and a lower constraint on the market value. What are the upper and lower constraints?

Name: Replacement costs are measured based upon GAAP's requirement of an upper and a lower constraint on the market value. What are the upper and lower constraints?
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The Answer of Replacement costs are measured based upon GAAP's requirement of an upper and a lower constraint on the market value. What are the upper and lower constraints?

Replacement Costs Are Measured Based Upon GAAP's Requirement of an Upper