Question

A property had a land value of $40,000, a 2,000 square foot structure with a rebuilding cost of $70 per square foot, depreciation of $5,000 due to functional obsolescence and $1,500 due to physical depreciation. What would be the estimate of value for this property using the cost approach? select one: a. $133,500 b. $140,000 c. $173,500 d. $180,000

Answer 1

The answer I s 173,500 just multiply 2,000 by 70 with the reciprocal of 1,500 meaning it’s 5,000 and in conclusion is 173,6738$ so you substrate 1738$ is C 172,6738