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6. Which of the following does NOT describes hotel valuation methods correctly? A. Cost replacement approach addresses places value on a property based on the
6. Which of the following does NOT describes hotel valuation methods correctly? A. Cost replacement approach addresses places value on a property based on the current value of the land. B. Cap rate is a rate of return on a real estate investment based on net operating income and price of a property. C. Income Capitalization approach takes into consideration of the property's future income potential. D. Cost replacement approach uses original cost for site value
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