An appraiser is determining a value estimate using the cost approach. She has determined that the site value is 400,000 and the replacement cost of the structure is 620,000. If the appraiser applies the flat-line method to depreciation using the rate of 1% per year, then what is the property value estimate if the effective age is 8 years?

Answer rating: 100% (QA)

Using the cost approach the property value estimate can be calculated by considering depreciation ba... View the full answer