South Africa Replacement cost value


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Good day, If I purchased an item for R500 in 2015, how do I calculate the replacement cost value to replace this equipment in 2018 without considering depreciation (eg. if the equipment was completely burnt, I would have to purchase at current market value)? How can I incorporate the rand/dollar exchange rate as well as Producer Price Index (PPI) to the calculation? Essentially I want the calculation to give me an answer as close as possible to the market value.
 
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bklynboy

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See what it would cost to buy used or what others have paid for similar items.
 

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