Which would NOT be used in the capitalization approach?



A. gross income

B. operating expenses

C. reproduction cost

D. allowance for vacancy - ANSWER-C. reproduction cost



A property had a land value of $40,000, a 2,000 square feet 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?



A. $133,500

B. $140,000

C...
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