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SUMMARY:The Cost Approach
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
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DESCRIPTION: 
Types of cost appraised
Depreciation
Steps in the approach

The cost approach is most often used for recently built properties where the actual costs of development and construction are known. It is also used for special-purpose buildings which cannot be valued by the other methods because of a lack of comparable sales or income data.
The strengths of the cost approach are that it:
 provides an upper limit for the subject's value based on the undepreciated cost of reproducing the improvements  is very accurate for a property with new improvements which are the highest and best use of the property.
The limitations of the cost approach are that:
 the cost to create improvements is not necessarily the same as the market value  depreciation is difficult to measure, especially for older buildings
Types of cost appraised
The cost approach generally aims to estimate either the reproduction cost or the replacement cost of the subject property.
Reproduction cost is the cost of...

https://www.learndesk.us/class/4746122453057536/lesson/b34bd2c785650f88e381de9d9da69352?ref=outlook-calendar
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