Property Valuation
The principle of 'contribution' in Hawaii real estate appraisal states that:
AA. All improvements increase a property's value by their cost
BB. The value of a component is measured by the amount it adds to the total property value, not by its cost✓ Correct
CC. Every feature of a property contributes equally to its value
DD. The owner's investment in improvements always equals the value increase
Explanation
The principle of contribution measures a feature's value by what it adds to the total property value, which may be more or less than what it cost to install.
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