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LTP mirrors which power law?
Replacement Cost
The cost to replace an asset with another of similar quality and functionality at current market prices.
Cost Of Completion
the estimated total expense required to finish a project, product, or service, often used in budgeting and financial projection.
Normal Profit
The minimum profit necessary for a company to remain competitive in its market, covering its opportunity costs.
Replacement Cost
The cost required to replace an asset with a new one of similar kind and quality at current prices.
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