A property company owns two plots of land, in Leeds and Bradford, with the following values. It is aware that property prices bear little resemblance to historical costs and therefore wishes to value its property on a deprival value basis.

Select the best answer from the list below of respective deprival values for the plots in Leeds and Bradford:
1 £730,000 and £180,000.
2 £800,000 and £170,000.
3 £815,000 and £170,000.
4 £775,000 and £185,000.
5 None of the above.

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Original cost Replacement cost Net realisable value Estimated economic value (value in use) Leeds Bradford 730,000 185,000 815,000 170,000 775,000 165,000 800,000 180,000