A building was constructed in stages over the last 25 years. It is desired to know the 2002 replacement cost for insurance purposes. The building has had two additions since the original 1981, $300,000 portion was built. The first addition was in 1990 at a cost of $200,000, and the second addition came in 1994 at a cost of $300,000. The historical cost indices are as follows: 2002 100.0 = HCl 1994 49.8 = HCI 1990 34.6 = HCI 1981 23.9 = HC1
A building was constructed in stages over the last 25 years. It is desired to know the 2002 replacement cost for insurance purposes. The building has had two additions since the original 1981, $300,000 portion was built. The first addition was in 1990 at a cost of $200,000, and the second addition came in 1994 at a cost of $300,000. The historical cost indices are as follows: 2002 100.0 = HCl 1994 49.8 = HCI 1990 34.6 = HCI 1981 23.9 = HC1
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter18: Life-cycle Costing
Section: Chapter Questions
Problem 18RQ
Related questions
Question
PLeas answr the fooloeig que
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:
9781337399395
Author:
Pratt, David J.
Publisher:
Cengage,
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:
9781337399395
Author:
Pratt, David J.
Publisher:
Cengage,
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning