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In valuing older buildings under the cost approach, the... A. appraiser relies on an analysis of net ground leases. B. appraiser bases the depreciation estimate

In valuing older buildings under the cost approach, the...

A. appraiser relies on an analysis of net ground leases.

B. appraiser bases the depreciation estimate on original cost.

C. degree of subjectivity in estimating depreciation seriously limits appraisal accuracy.

D. estimate of recent construction costs are irrelevant.

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