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To illustrate the application of cost approach in property analysis, consider an old and historical residential property example. This reproduction cost is estimated with the
To illustrate the application of cost approach in property analysis, consider an old and historical residential property example. This reproduction cost is estimated with the unit comparison (per square foot) method. The unit method is also used to calculate the depreciation. Table of cost approach: historical residential property example. a. Please complete the amounts from the table above: (5 marks) b. Illustrate the application of the cost approach, which consider an old and historic residential as mentioned above
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