Question

The cost depreciation approach of estimating value has two elements, they are

Select one:
a. the land value plus the value of the improvements on the land
b. the land value and area improvements
c. comparable improvements plus land value
d. none of the above

Answer 1

d. none of the above

Step-by-step explanation:

The cost depreciation approach of estimating value is a method of getting the value of real estate by estimating the price a buyer should pay for the property, based on the depreciation factors involved.

Using this approach, the value of the property is equals to the land cost, plus the total costs of construction, minus depreciation.

Therefore, the correct answer is none of the above as the answer is not in the given answer choices.