The Amount That Currently Would Be Required to Replace the Service

question 231

Multiple Choice

The amount that currently would be required to replace the service capacity of an asset is called:

• A) Risk approach
• B) Market approach
• C) Income approach
• D) Cost approach

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Definitions:

Current Path

The path or route that electric current follows as it flows through a circuit.

One Path

A circuit configuration where all components are arranged so that there is only a single pathway for current flow.

Applied Voltage

The voltage that is externally applied to a circuit or component to drive its operation.

Fuse

A safety device consisting of a strip of wire that melts and breaks an electric circuit if the current exceeds a safe level.