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1. Calculate the correct price of the property using the cost approach. + Value of land: $45,000- Assessed value on tax records: $145,0004 Cost to
1. Calculate the correct price of the property using the cost approach. + Value of land: $45,000- Assessed value on tax records: $145,0004 Cost to rebuild improvements: $115,0004 Mortgage: $130,0004 Accumulated Depreciation: $10,000
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