Property Valuation
Which appraisal approach estimates value by calculating the cost to reproduce or replace a structure minus depreciation, plus land value?
ASales comparison approach
BIncome approach
CCost approach✓ Correct
DGross rent multiplier approach
Explanation
The cost approach estimates value as: Land Value + (Reproduction/Replacement Cost of Improvements - Depreciation). It is most useful for special-use properties and new construction.
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