Property Valuation
A Wyoming appraiser performing the cost approach must separately estimate the value of the:
AImprovements only
BLand as if vacant and the improvements separately, then combine them✓ Correct
CTotal property as a whole unit only
DMineral rights and surface rights independently
Explanation
The cost approach requires separate estimation of land value (as if vacant and available for its highest and best use) and the cost new of improvements minus depreciation. These two components are then added together to arrive at the property's value indication.
Related Wyoming Property Valuation Questions
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