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Use the cost approach equation to extract the site value per acre indicated by the following comparable sale: sale price = $5,000,000; replacement cost of
Use the cost approach equation to extract the site value per acre indicated by the following comparable sale: sale price = $5,000,000; replacement cost of structure = $1,000,000; and accrued depreciation = $150,000; lot size = 10 acres. 1 (Input your answer rounded to the nearest whole dollar and without the $ sign, e.g., 1000)
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