What does RCN stand for?

Appendix II-B Valuation of the Expected Value of the Reversion The hangar's reversionary value is estimated by forecasting the replacement cost new of the hangar.

Besides they use replacement cost new less depreciation or sales analysis method.

The taxpayer explained that this was market evidence of "economic obsolescence," which is reflected by the difference between what the market will pay for a property and its replacement cost new less the other forms of depreciation.

Once the correct percentage of obsolescence due to underutilization is determined, total obsolescence in absolute dollar terms is given by multiplying %OBS by the replacement cost new less straight-line depreciation (RCNSLD).

The commission set a land value of zero based on evidence of high levels of lead and arsenic contamination, and a value for the building at $398,166, a figure reached by using the standard replacement cost new less depreciation method.

Thus, the market value of the subject property using the replacement cost approach is simply the replacement cost new (to achieve equivalent utility in the most cost-effective manner)--minus an age-life depreciation charge and minus the lesser of the cost to cure or value of loss to the subject property (to achieve equivalent internal desirability of the subject property)--minus external obsolescence (to achieve equivalent external desirability of the subject property).

Ellsworth is utilizing the reproduction cost approach, whereby both the existing facility and his replacement cost new are a coal plant with a scrubber and baghouse for pollution control.

Asset value and depreciation are determined using replacement cost new estimates and an appropriate percent good factor.