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Consider the following newly constructed property: 4,000 Sq Foot; $120 per square foot with 10% deprecation 100-year life span is depreciation estimate Land value is

Consider the following newly constructed property:

4,000 Sq Foot; $120 per square foot with 10% deprecation 100-year life span is depreciation estimate
Land value is estimated at $60,000

What is the value of the property using cost approach?

$ 492 000
$ 432 000
$ 423 000
$ 481 000

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