In what approach to estimating value is the amount of depreciation calculated?
When estimating the value of a property using the cost approach, the appraiser would calculate
The income approach to estimating value would be best used in an appraisal of a
In what approach to estimating value would the value of the land be calculated separately from the improvements?
When estimating the value of a property using the income approach, the appraiser would calculate the
What would most likely be a cause of incurable functional obsolescence in an old office building?
In using the cost approach, the appraiser would estimate the loss in value due to normal wear and tear on the property. This is called
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