Multiple Choice
Suppose that an appraiser has just completed her analysis using the cost approach to valuation. She has determined that the reproduction cost of the subject property is $370,000. If the added value of the site was $80,000 and accrued depreciation amounted to $50,000, what was the estimated value of the building using the cost approach?
A) $320,000
B) $370,000
C) $400,000
D) $500,000
Correct Answer:

Verified
Correct Answer:
Verified
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