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An appraiser is determining a value estimate using the cost approach. She has determined that the site value is 400,000 and the replacement cost of

An appraiser is determining a value estimate using the cost approach. She has determined that the site value is 400,000 and the replacement cost of the structure is 620,000. If the appraiser applies the flat-line method to depreciation using the rate of 1% per year, then what is the property value estimate if the effective age is 8 years?

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