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costo de reproduccion nuevo vs costo de reposicion a nuevo

English translation: reproduction cost new vs. replacement cost new

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:costo de reproduccion nuevo vs costo de reposicion a nuevo
English translation:reproduction cost new vs. replacement cost new
Entered by: Russell Gillis
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18:02 Jun 11, 2002
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: costo de reproduccion nuevo vs costo de reposicion a nuevo
Hi Proz,
Insurance assessment that talks about Costo de Reproduccion Nuevo and Costo de Reposicion a Nuevo.
What is the difference?
Thanks
Jenette
Jenette Holyoak
United Kingdom
Local time: 06:33
reproduction cost new vs. replacement cost new
Explanation:
Here is a reference taken from industry language:

Reproduction Cost New is the current cost new at the date of the appraisal of duplicating an identical item or reproducing an exact replica, embodying all of the subject's deficiencies, superadequacies and obsolescence.

Replacement Cost New is the current cost at the date of the appraisal of a similar new item having the nearest equivalent utility as the property being appraised.

Selected response from:

Russell Gillis
Local time: 23:33
Grading comment
Thank you so much!!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4reproduction cost new vs. replacement cost new
Russell Gillis


  

Answers


22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
reproduction cost new vs. replacement cost new


Explanation:
Here is a reference taken from industry language:

Reproduction Cost New is the current cost new at the date of the appraisal of duplicating an identical item or reproducing an exact replica, embodying all of the subject's deficiencies, superadequacies and obsolescence.

Replacement Cost New is the current cost at the date of the appraisal of a similar new item having the nearest equivalent utility as the property being appraised.




    Reference: http://www.enterpriseappraisal.com/newsletter1a.htm
Russell Gillis
Local time: 23:33
Native speaker of: English
PRO pts in pair: 667
Grading comment
Thank you so much!!
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