Property Valuation
In a cost approach appraisal, which of the following is NOT included in the site value estimate?
AValue of the land as if vacant
BLocation and topography benefits
CDepreciation of the improvements✓ Correct
DAccess and utilities available
Explanation
In the cost approach, land value is estimated separately as if vacant. Depreciation applies only to the improvements (buildings), not to the land.
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