Question

An appraiser using the replacement cost approach on an older residential property would use all of these except:____.

A)capitalization of income.
B)cost of improvements new.
C)depreciation.
D)land value.

Answer 1

An appraiser using the replacement cost approach on an older residential property would not use capitalization of income.

Step-by-step explanation:

An appraiser using the replacement cost approach on an older residential property would use all of these except capitalization of income. The replacement cost approach is a method used to estimate the value of a property by calculating the cost to replace the property with a similar one. It considers factors such as the cost of improvements new, depreciation, and land value. However, capitalization of income is not relevant to the replacement cost approach.