[Answer] A building was constructed in August 1995 for $2 340 000. The cost index at that time was 192.3. The current cost index is 302.1. What is the indicated reproduction cost of the building today? (Round the index to 2 decimal places)

Answer: $345 000 – $75 000 + $90 000 = $360 000.
A building was constructed in August 1995 for $2 340 000. The cost index at that time was 192.3. The current cost inde…

Leave a Reply