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A retail store, built 20 years ago, has depreciated about 40% overall. It would cost $230,000 to build today, and similar sites are now worth
A retail store, built 20 years ago, has depreciated about 40% overall. It would cost $230,000 to build today, and similar sites are now worth $60,000. What is the market value of this store using the formula for the cost approach?
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