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Use the following information for the next two questions: Reproduction Cost: $1,150,000 Accrued Tax Depreciation: $ 600,000 Replacement Cost: $1,000,000 Accrued Economic Depreciation: $ 450,000
Use the following information for the next two questions: Reproduction Cost: $1,150,000 Accrued Tax Depreciation: $ 600,000 Replacement Cost: $1,000,000 Accrued Economic Depreciation: $ 450,000 Value of the Land (unimproved): $ 120,000 1. If the above information describes a small general-use industrial building, what is the value by the cost approach? a. $820,000 b. $520,000 c. $320,000 d. $670,000 2. If the above information describes a unique property of historical significance, what is the value by the cost approach? a. $820,000 b. $670,000 c. $320,000 d. $520,000
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