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Using the cost approach to value, determine the value of parcel with land value of $30,000, replacement cost of the building is $50.00 per

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Using the cost approach to value, determine the value of parcel with land value of $30,000, replacement cost of the building is $50.00 per square foot, with the area of 1,500 square feet, and depreciation from functional and economic obsolescence set at $10,500.

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