Final answer:
The Cost Approach is the method used by appraisers to measure the quantities of structural components, and choosing the correct measurement tool depends on the object's size and required precision.
Step-by-step explanation:
The method that requires the appraiser to measure the quantities of various components such as foundation, floor, walls, roof, etc., is the Cost Approach. This approach entails calculating the cost to replace or reproduce the improvements, deducting the accrued depreciation, and adding the value of the land. It is often used in real estate appraisal and property valuation. Choosing the appropriate measurement tool for each item depends on the object's size and the precision required for the measurement at hand.
For instance:
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- To measure a grub collected from the garden, a ruler or caliper might be appropriate.
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- The width of a street would be best measured with a measuring wheel or a tape measure that can handle larger distances.
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- The volume of a water balloon could be estimated with a graduated cylinder or by submerging it in a container full of water and measuring the displacement.
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- The length of a basketball court would require a long measuring tape.
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- A kitchen scale is ideal to measure the weight of an apple.
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- The volume of a milk carton could be determined by the labeled capacity or by measuring its dimensions and calculating the volume.
When measuring dimensions, it is important to choose the correct unit of measurement . For example, miles are not suitable to measure a door's height, while inches, feet, or yards are more appropriate.
Also, in estimating customary units of measurement for garden-related items:
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- A sunflower's height might be measured in feet.
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- The depth to plant a seed could be measured in inches.
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- The height of a tree is typically measured in feet.
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- The area of a garden plot could be measured in square feet or square yards, depending on its size.